The TVL of the DeFi market rose from $50 billion at the beginning of the year to $120 billion, and now has fallen back to about $80 billion. LSD occupies the largest share, followed by lending and DEX. It is not difficult to see that there are still many friends who are still sticking to the DeFi market.
Continued growth of LSD and LRT tracks
Although the popularity of DeFi has dropped significantly in 2024, the LSD (liquidity pledge derivatives) and LRT (yield management tokens) tracks are still eye-catching. In particular, re-staking projects such as EigenLayer have added about $20 billion to the market size of DeFi!
The yield market led by Pendle has performed well
With its unique yield management model, Pendle's market value has increased nearly 4 times from the beginning of the year to date!