Crypto▲ Bullish
DeFi Roars Back Above $84B, DEX Volume Surpasses $10B
DeFi TVL rebounded above $84B as DEX daily volume hit $10.2B, led by Uniswap and Raydium. Ethereum hosted $50B; L2s added $9.5B. The next catalyst: August on-chain liquidity report.
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Decentralized finance returned above $84 billion in total value locked Thursday. Exchange volume topped $10 billion over 24 hours, according to DefiLlama data.
Daily volume on decentralized exchanges reached $10.2 billion at the close. Uniswap and Raydium led the charge, DefiLlama data showed. PancakeSwap also saw elevated activity.
Ethereum held more than $50 billion of the global TVL. Layer 2 solutions, led by Arbitrum and Base, captured over $9.5 billion in collateral deposits within the same period, DefiLlama data showed.