• 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

Robinhood launches ETH, SOL staking services for US users with $1 minimum

Robinhood launches ETH, SOL staking services for US users with $1 minimum

July 11, 2025
Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

July 10, 2025
Share76Tweet47

Related Posts

Robinhood launches ETH, SOL staking services for US users with $1 minimum

Robinhood launches ETH, SOL staking services for US users with $1 minimum

by Moussa
July 11, 2025
0

Robinhood launched Ethereum (ETH) and Solana (SOL) staking services for U.S. customers on July 10, enabling users to earn staking...

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

by Moussa
July 10, 2025
0

The Beijing Internet Finance Industry Association (BIFA) issued a notice on July 9 urging retail investors to reject pitchbooks that...

Ethereum regains $2,700 amid lowest long/short ratio in two years and ETF cash floods

Ethereum regains $2,700 amid lowest long/short ratio in two years and ETF cash floods

by Moussa
July 10, 2025
0

Ethereum (ETH) reclaimed the $2,700 threshold one day after spot exchange-traded funds (ETFs) listed in the US tracking the asset...

Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

Rex-Osprey spot Solana ETF doubles cumulative inflows to $41M on July 8

by Moussa
July 9, 2025
0

The first US-listed spot Solana exchange-traded fund (ETF) received $21 million of net inflows on July 8, lifting its running...

Bybit CEO describes how hackers launder stolen Ethereum via Bitcoin mixers

Greece recovers part of funds stolen in Bybit hack as its first crypto asset seizure

by Moussa
July 9, 2025
0

Greek authorities carried out the country’s first-ever crypto seizure after tracing funds linked to the record-breaking $1.4 billion hack of...

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