Decentralized Finance (DeFi) Highlights

**Here is a summary of the DeFi market, events, and important news that happened last week.**

**DeFi Overview**

* Total value locked (TVL) in DeFi projects: $159.04 billion (prev. $209.99 billion)
* Dune Analytics data shows that the number of decentralized finance (DeFi) users is rapidly growing and hit a new all-time high of 4,701,139 (prev. 4,652,894)
* DeFi Market Cap: $79,342,195,464 (prev. $120,354,420,547)
* DeFi Pulse Index: $118.33 (prev. $167.32)

**L2 Solution overview**

* The Total Value Locked in Ethereum Layer2 systems: $5.64  billion (prev. $6.42)

**DeFi News**

* Tron’s new algorithmic stablecoin USDD went live
* Polkadot upgrade locks in parachain messaging
* Ribbon Finance gives half its protocol revenue to stakers
* Opera browser enabled direct access to BNB Chain-based DApp ecosystem
* Moonbeam added cross-chain capabilities, introduced xcDOT
* Stablecoin exchange Kinesis is live on Evmos

**Top stablecoin pools from Defiyield**

* Beefy Finance with 45.54% APY
* LiquidDriver with 36.00% APY
* Beethoven with 35.08% APY

**Find** [**more details**]( news, events, statistics, charts, and smart DeFi ideas and news.**

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2 thoughts on “Decentralized Finance (DeFi) Highlights”

  1. Anchor also had UST vault with 20%+ APY, where did that lead to? I’m safer listing my BUSD and USDC on the wowswap exchange with an APY of 9-11%, it’s stable and without problems in all my time of work here


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