• About
  • FAQ
  • Earn Bitcoin while Surfing the net
  • Buy & Sell Crypto on Paxful
Newsletter
Approx Foundation
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Approx Foundation
No Result
View All Result
Home Regulation

Ethereum DeFi TVL hits 2-year high as activity on platforms like Uniswap, Aave soars

Moussa by Moussa
November 28, 2024
in Regulation
0
Ethereum DeFi TVL hits 2-year high as activity on platforms like Uniswap, Aave soars
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter



Ethereum’s DeFi sector is experiencing a revival, fueled by renewed market enthusiasm following Donald Trump’s election victory.

The total value locked (TVL) in Ethereum’s DeFi ecosystem has surged past $80 billion, marking its highest level in over two years.

These numbers come as key players like Aave and Uniswap have also achieved significant milestones during this bullish wave. Their rising activity highlights the increasing appeal of DeFi solutions as investors and users flock to platforms that offer innovative financial tools and opportunities.

Record volume

Uniswap has set a new record for monthly trading volume on Ethereum layer-2 networks, reaching $38 billion in November — a 50% jump from October’s $20.32 billion.

Data from Dune Analytics reveals that Arbitrum contributed the lion’s share with $19.5 billion. It is followed by Base with $9.19 billion and Polygon at $4.33 billion.

In a Nov. 27 social media post, Uniswap Labs, the development team behind the platform, stated:

“Onchain history is being made. New all-time high for monthly L2 volume on the Uniswap Protocol.”

Meanwhile, this achievement coincides with a significant rise in the price of Uniswap’s native UNI token. According to CryptoSlate’s data, the digital asset was up 10% over the last 24 hours, pushing its price to $12.84.

Adding to the excitement, Uniswap announced a $15.5 million bug bounty program, the largest in DeFi’s history, to secure its upcoming v4 protocol. The platform said:

“Over 500 researchers [had] participated in a $2.35 million security competition, and no critical vulnerabilities were found. As deployment approaches, we’re taking an extra step to ensure v4 is as secure as possible with the $15.5 million bug bounty.”

Aave hits new highs

Aave, the largest DeFi lending platform, has also reached a historic milestone.

According to DeFiLlama, deposits on the platform have surged to $33 billion, representing a 230% increase since the start of the year.

If Aave were a US bank, this figure places Aave among the top 1.4% in deposits, surpassing notable institutions like SoFi.

Stani Kulechov, Aave’s founder and CEO, highlighted this progress as the start of a financial revolution driven by decentralized platforms.

Meanwhile, the platform’s growth is also reflected in the performance of its native token, AAVE, which has climbed 112% in 2024. According to CryptoSlate’s data, the token recently hit a yearly high of $210 before settling at $200 as of press time.

Mentioned in this article



Source link

Related articles

Deutsche Bank unveils institutional tokenization stack to fast-track regulated funds

Deutsche Bank unveils institutional tokenization stack to fast-track regulated funds

June 18, 2025
Bitcoin’s slide below $104k liquidates over $500M as war tensions escalate

Bitcoin’s slide below $104k liquidates over $500M as war tensions escalate

June 17, 2025
Share76Tweet47

Related Posts

Deutsche Bank unveils institutional tokenization stack to fast-track regulated funds

Deutsche Bank unveils institutional tokenization stack to fast-track regulated funds

by Moussa
June 18, 2025
0

Deutsche Bank, Memento Blockchain, and Interop Labs published a litepaper on June 17 outlining plans for Digital Asset Management Access...

Bitcoin’s slide below $104k liquidates over $500M as war tensions escalate

Bitcoin’s slide below $104k liquidates over $500M as war tensions escalate

by Moussa
June 17, 2025
0

Bitcoin (BTC) continued its pullback on June 17, sliding over 4% amid renewed military and political friction between Israel and...

Bitcoin gives up rally after Trump denies Iran-Israel ceasefire role, calls Tehran to evacuate

Bitcoin gives up rally after Trump denies Iran-Israel ceasefire role, calls Tehran to evacuate

by Moussa
June 17, 2025
0

Bitcoin tumbled back to $106,000 in early Tuesday trading after U.S. President Donald Trump denied claims he was involved in...

ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock

ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock

by Moussa
June 16, 2025
0

Investigators have linked a figure in the $30 million ZKasino alleged scam to a fresh cryptocurrency project branded WhiteRock (WHITE),...

Trump Media files for Bitcoin and Ethereum ETF

Trump Media files for Bitcoin and Ethereum ETF

by Moussa
June 16, 2025
0

Trump Media & Technology Group (TMTG), the company behind the Truth Social platform, has filed to launch a new exchange-traded...

Load More

youssufi.com

sephina.com

[vc_row full_width="stretch_row" parallax="content-moving" vc_row_background="" background_repeat="no-repeat" background_position="center center" footer_scheme="dark" css=".vc_custom_1517813231908{padding-top: 60px !important;padding-bottom: 30px !important;background-color: #191818 !important;background-position: center;background-repeat: no-repeat !important;background-size: cover !important;}" footer_widget_title_color="#fcbf46" footer_button_bg="#fcb11e"][vc_column width="1/4"]

We bring you the latest in Crypto News

[/vc_column][vc_column width="1/4"][vc_wp_categories]
[/vc_column][vc_column width="1/4"][vc_wp_tagcloud taxonomy="post_tag"][/vc_column][vc_column width="1/4"]

Newsletter

[vc_raw_html]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[/vc_raw_html][/vc_column][/vc_row]
No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2024 APPROX FOUNDATION - The Crypto Currency News