Defi Hits New Heights: December’s Billion-Dollar Boom Marks Record-Breaking Year
Decentralized finance (DeFi) experienced an explosive year in 2024, with total value locked (TVL) skyrocketing by 133.8%, reaching $124.77 billion by year-end.
December capped off the growth with over $1.5 billion in revenue, with stablecoin issuers leading the charge, earning $664 million. Lido, a dominant player in liquid staking, saw its TVL soar from $21.33 billion at the start of 2024 to $33.57 billion in early 2025.
As of January 2025, DeFi’s top protocols include Lido, Aave, Eigenlayer, and Binance’s Staked Ether. With Ethereum holding a commanding 54.82% of TVL, DeFi continues to reshape global financial ecosystems, setting the stage for further innovation and adoption in 2025.
Clever Robot News Desk 4th January 2025
