COINOTAG has highlighted a significant shift in the decentralized finance (DeFi) landscape, revealing that the Ethereum liquidity re-pledge total value locked (TVL) surged from around US$284 million at the start of 2024 to an impressive US$17.26 billion today. This represents a staggering increase of nearly 6,000% as demand for the utility of pledged assets continues to escalate. Such monumental growth has solidified Ethereum’s dominance within the re-pledge protocol sector, capturing a substantial market share. In contrast, the Solana blockchain’s liquidity re-pledge TVL remains considerably lower, currently estimated at US$56.41 million. This disparity underscores Ethereum’s pivotal role in the DeFi ecosystem, reflecting both investor confidence and the network’s robust infrastructure.
Source: https://en.coinotag.com/breakingnews/ethereum-liquidity-re-pledge-tvl-surges-6000-to-17-26-billion-in-2024/