The market value of DeFi sector tokens exceeds US$110 billion
Data shows that the market value of DeFi tokens has surpassed $110 billion, currently at $111,229,433,647. The market value of ETH is $466,433,697,506, making the DeFi:ETH ratio 23.8%. DeFi TVL is $95,990,053,607 and the 24-hour trading volume for DeFi tokens is $11,647,059,165.
Bernstein: DeFi protocols will usher in explosive recovery as Bitcoin rises
Bernstein analysts Gautam Chhugani and Mahika Sapra pointed out in their report on Monday that with Bitcoin approaching a historic high, DeFi will experience explosive (big bang) recovery. Their reasoning is that this round of market trends will bring more trading volume to various DEXs. With the introduction of token fee-sharing mechanisms represented by Uniswap and other DeFi protocols, DeFi will change from an unsustainable subsidy-based token economy in the previous cycle to a real revenue model.
Deez Nuts’ LIGMA NFT series will be launched soon
On March 3rd, Deez Nuts' first Launchpad NFT project "LIGMA" series is about to go online. LIGMA is the first hybrid DeFi collectible on Solana that can change with the accumulation of token quantity. Every time a LIGMA is added, the held NFT will also change.
VC Roundup: Are VCs returning to crypto? February suggests renewed confidence
In February, a diverse group of crypto startups announced recent funding raises, signaling that investors’ interest in crypto may be on the rise again.
TVL of DeFi lending across the entire network has returned to above US$30 billion
According to data from DefiLlama, the total value locked (TVL) in DeFi lending has surpassed $30 billion again, currently around $31.33 billion, reaching a new high since June 2022.
DeFi protocol TVL across the entire network exceeds US$87.6 billion
According to DefiLlama data, on February 27th, the total locked value (TVL) of DeFi protocols on the entire network exceeded 87.6 billion US dollars, an increase of 5.1% in the past 24 hours, including: Lido has the highest TVL, reaching 32.1 billion US dollars, an increase of 6.51% in the past 24 hours; AAVE ranks second, with a TVL of 9.3 billion US dollars, an increase of 7.83% in the past 24 hours; Maker ranks third, with a TVL of 9 billion US dollars, an increase of 4.77% in the past 24 hours.
DeFi protocol TVL across the entire network exceeds US$81.1 billion
According to DefiLlama data, the total value locked (TVL) of DeFi protocols across the entire network exceeded 81.1 billion US dollars on February 26, including: Lido has the highest TVL, reaching 30.1 billion US dollars, up 0.9% in the past 24 hours; AAVE ranks second, with a TVL of 8.6 billion US dollars, up 0.44% in the past 24 hours; Maker ranks third, with a TVL of 8.6 billion US dollars, down 1.4% in the past 24 hours.
Network-wide DeFi protocol TVL fell back to $74.8 billion
According to DefiLlama data, on February 21st, the total locked value (TVL) of DeFi protocols across the network fell to 74.8 billion US dollars, a decrease of 1.11% in the past 24 hours, including:Lido has the highest TVL, at 28.6 billion US dollars, a decrease of 1.02% in the past 24 hours; Maker ranks second, with 8.5 billion US dollars, a decrease of 0.94% in the past 24 hours; AAVE ranks third, with 8.4 billion US dollars, a decrease of 1.54% in the past 24 hours.
The Challenges and Potential Regulation of Decentralized Finance (DeFi)
Many believe that complete decentralization of finance is inevitable, but there are three major obstacles that must be overcome for DeFi to surpass traditional payments. Firstly, gaining consumer trust and buy-in is difficult as people may prefer to use third-party financial services. Secondly, financial institutions are hesitant to adopt DeFi due to increased fraud risk and potential revenue loss. Lastly, the lack of government oversight is a challenge as it may be difficult to enact legislation and consumer protection agencies without a centralized system. While DeFi presents challenges for regulators, some level of centralization may be necessary to prevent tax evasion and criminal activity. A balance between decentralization and centralization is needed to create a fully realized payment solution.
Governance is dead, long live TOKENS
A popular trend kicked off by the Compound Protocol in the Spring of 2020 was governance tokens for DeFi protocols. The dream of governance tokens was a beautiful ideal. Simply by using a protocol, you would automatically and freely receive ownership of it. Decision making around the protocol would be decentralized allowing thousands and ultimately millions to have their say and vote on changes to the protocol.
