Matrixport: DeFi's total locked volume surpasses ETH, which is a bullish signal for ETH
DeFi has been underperforming in this bull market, but after a brief consolidation, TVL has increased to $108 billion, reaching its highest level since the Luna/Terra crash in May 2021. As the probability of Ethereum ETF providing staking returns is small, TVL increased by $17 billion last week, with Lido being one of the beneficiaries. All in all, this is a bullish signal for ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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