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Ethereum The DeFi sector is experiencing a revival, driven by renewed market enthusiasm following Donald Trump’s election victory.
The total value locked (TVL) in Ethereum’s DeFi ecosystem has risen to over $80 billion, its highest level in over two years.
These numbers come as major players like Aave and Uniswap have also achieved significant milestones during this bull run. Their increased activity highlights the growing appeal of DeFi solutions as investors and users flock to platforms that offer innovative financial tools and opportunities.
Record size
com.uniswap Ethereum set a new record for monthly trading volume on Ethereum layer 2 networks, reaching $38 billion in November – a 50% jump from $20.32 billion in October.
Data From Dune Analytics reveals that Arbitrum contributed the lion’s share at $19.5 billion. Followed by Base with $9.19 billion and Polygon with $4.33 billion.
In a social media post dated November 27, Uniswap Labs, the development team behind the platform, said, male:
“Onchain history is being made. New all-time high for monthly L2 volume on the Uniswap protocol.”
At the same time, this achievement coincides with a significant rise in the price of the original Uniswap UNI Token. According to CryptoSlate data, the digital asset rose 10% in the past 24 hours, pushing its price to $12.84.
To add more excitement, Uniswap announced a $15.5 million bug bounty program, the largest in DeFi history, to secure the upcoming v4 protocol. The platform He said:
“More than 500 researchers [had] It participated in a $2.35 million security competition, and no critical vulnerabilities were found. As we get closer to deployment, we’re taking an extra step to make sure v4 is as secure as possible with a $15.5 million bug bounty.
Aave reaches new highs
ghostthe largest DeFi lending platform, has also reached a historic milestone.
according to DeFiLlamaDeposits on the platform rose to $33 billion, representing a 230% increase since the beginning of the year.
If Aave were a US bank, that number would put Aave among the top 1.4% in terms of deposits, surpassing prominent institutions like SoFi.
Stani Kulichovfounder and CEO of Aave, highlighted this progress as the beginning 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 rose by 112% in 2024. According to Cryptocellite According to the data, the token recently reached a yearly high of $210 before settling at $200 as of press time.
