{"id":321720,"date":"2024-09-27T08:56:41","date_gmt":"2024-09-27T08:56:41","guid":{"rendered":"https:\/\/www.techopedia.com\/?p=321720"},"modified":"2024-09-27T08:56:41","modified_gmt":"2024-09-27T08:56:41","slug":"is-the-defi-market-booming","status":"publish","type":"post","link":"https:\/\/www.techopedia.com\/is-the-defi-market-booming","title":{"rendered":"Is the DeFi Market Booming? A 90 Billion Dollar Question"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.techopedia.com\/definition\/34630\/decentralized-finance-defi\">decentralized finance<\/a> (DeFi) market has skyrocketed, changing the way people lend, borrow, and invest without relying on traditional banks.<\/p>\n<p>With a <a href=\"https:\/\/www.techopedia.com\/definition\/total-value-locked-tvl\">total value locked<\/a> (TVL) amounting to $90 billion in September 2024 and <a href=\"https:\/\/www.techopedia.com\/definition\/30246\/blockchain\">blockchain<\/a> protocols like <a href=\"https:\/\/www.techopedia.com\/definition\/32571\/ethereum-cryptocurrency\">Ethereum<\/a>, <a href=\"https:\/\/www.techopedia.com\/definition\/tron-trx\">Tron<\/a>, and <a href=\"https:\/\/www.techopedia.com\/definition\/binance-smart-chain-bsc\">Binance Smart Chain<\/a> (BSC) at the forefront, the DeFi market has begun its long game journey of disrupting the financial world.<\/p>\n<p>But with rapid growth comes significant risks \u2014 security issues, market crashes, and regulatory threats. As we look to 2024 and beyond, the question remains:<\/p>\n<p>Can the decentralized finance market overcome these hurdles and revolutionize finance, or is it a bubble about to burst?<\/p>\n<div class=\"su-note\"  style=\"border-color:#dddddd;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\"><div class=\"su-note-inner su-u-clearfix su-u-trim\" style=\"background-color:#f7f7f7;border-color:#ffffff;color:#333333;border-radius:3px;-moz-border-radius:3px;-webkit-border-radius:3px;\">\n<h2><span id=\"key_takeaways\">Key Takeaways<\/span><\/h2>\n<ul>\n<li>In September 2024, DeFi&#8217;s total value locked (TVL) hit $90 billion.<\/li>\n<li>After booming in 2021, the market crashed in 2022 and stabilized in 2023. In 2024, it&#8217;s rising again but staying mostly steady.<\/li>\n<li>As of September 2024, Ethereum is the top DeFi coin, holding $49.3 billion in TVL, followed by Tron at $8 billion.<\/li>\n<li>DeFi comes with risks, including security flaws, market ups and downs, and regulatory uncertainty.<\/li>\n<li>DeFi&#8217;s future looks bright, with better security and new tech expected to push it forward.<\/li>\n<\/ul>\n<\/div><\/div>\n<div>\n    <section class=\"toc-sticky w-100 bg-white \">\n        <div class=\"toc-sticky__container container\">\n            <div class=\"toc-sticky__open d-flex align-items-end\" data-bs-toggle=\"collapse\"\n                 aria-controls=\"multiCollapse1\"\n                 data-bs-target=\"#multiCollapse1\">\n                <button\n                        class=\"btn btn-primary collapse-action-btn p-1 rounded-circle\"\n                        type=\"button\"\n                >\n                    <i class=\"icon-chevron-up\"><\/i>\n                <\/button>\n                <span id=\"toc-current-title\" class=\"d-flex align-items-center\">\n                    Table of Contents\n                <\/span>\n                <span class=\"toc-main-title-permanent\">Table of Contents<\/span>\n            <\/div>\n            <div\n                    class=\"collapse my-3\"\n                    id=\"multiCollapse1\"\n            >\n                <ol class=\"StepProgress\">\n                                                                        <li class=\"StepProgress-item current\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"key_takeaways\"\n                               onclick=handleScrollToTitle(\"key_takeaways\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Key Takeaways<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"visualizing_defis_market_growth\"\n                               onclick=handleScrollToTitle(\"visualizing_defis_market_growth\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Visualizing DeFi's Market Growth<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"how_ethereum_leads_the_decentralized_finance_market\"\n                               onclick=handleScrollToTitle(\"how_ethereum_leads_the_decentralized_finance_market\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">How Ethereum Leads the Decentralized Finance Market<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"risks_in_the_defi_market\"\n                               onclick=handleScrollToTitle(\"risks_in_the_defi_market\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">Risks in the DeFi Market<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"defi_prediction_what_the_future_holds_for_the_decentralized_finance_market\"\n                               onclick=handleScrollToTitle(\"defi_prediction_what_the_future_holds_for_the_decentralized_finance_market\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">DeFi Prediction: What the Future Holds for the Decentralized Finance Market<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"faqs\"\n                               onclick=handleScrollToTitle(\"faqs\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">FAQs<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                                                        <li class=\"StepProgress-item\">\n                                                <div class=\"StepProgress-item__group\">\n                            <a data-id=\"references\"\n                               onclick=handleScrollToTitle(\"references\")\n                               class=\"StepProgress-item__link\" data-level=\"2\">References<\/a>\n                                                    <\/div>\n                                                <\/li>\n                                    <\/ol>\n                <div class=\"toc-sticky__container__disperse\"><\/div>\n                <div class=\"toc-sticky__btn-top justify-content-center\">\n                    <button class=\"btn btn-link d-flex align-items-center\" onclick={btnTop()}><p>Show Full Guide<\/p><img decoding=\"async\"\n                                src=\"\/wp-content\/plugins\/table-of-contents\/assets\/images\/arrow-up-circle.svg\"\n                                alt=\"arrow-up-circle\">\n                    <\/button>\n                <\/div>\n            <\/div>\n        <\/div>\n    <\/section>\n    <div class=\"toc-sticky-list\">\n        <div class=\"toc-sticky__container container\">\n            <div class=\"toc-sticky__open d-flex align-items-end\" data-bs-toggle=\"collapse\" aria-controls=\"multiCollapse2\" data-bs-target=\"#multiCollapse2\">\n                <button class=\"btn btn-primary collapse-action-btn p-1 rounded-circle\"\n                        type=\"button\">\n                    <i class=\"icon-chevron-up up\"><\/i>\n                <\/button>\n                <span id=\"toc-current-title\" class=\"d-flex align-items-center\">\n                    Table of Contents\n                <\/span>\n            <\/div>\n            <div  class=\"collapse my-3\" id=\"multiCollapse2\">\n                <ol class=\"StepProgress\">\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item current \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"key_takeaways\"\n                                   onclick=handleScrollToTitle(\"key_takeaways\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Key Takeaways<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"visualizing_defis_market_growth\"\n                                   onclick=handleScrollToTitle(\"visualizing_defis_market_growth\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Visualizing DeFi's Market Growth<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t                                                     <li class=\"StepProgress-item \">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"how_ethereum_leads_the_decentralized_finance_market\"\n                                   onclick=handleScrollToTitle(\"how_ethereum_leads_the_decentralized_finance_market\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">How Ethereum Leads the Decentralized Finance Market<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t\n\t\t\t\t\t\t <span class=\"show_moretoc\">Show Full Guide<\/span>\n\t\t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"risks_in_the_defi_market\"\n                                   onclick=handleScrollToTitle(\"risks_in_the_defi_market\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">Risks in the DeFi Market<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"defi_prediction_what_the_future_holds_for_the_decentralized_finance_market\"\n                                   onclick=handleScrollToTitle(\"defi_prediction_what_the_future_holds_for_the_decentralized_finance_market\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">DeFi Prediction: What the Future Holds for the Decentralized Finance Market<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"faqs\"\n                                   onclick=handleScrollToTitle(\"faqs\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">FAQs<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                    \t\t\t\t\t \t\t\t\t\t \t\t\t\t\t\t  \t\t\t\t\t                                                      <li class=\"StepProgress-item ms_hidetoc\">\n                                                    <div class=\"StepProgress-item__group\">\n                                <a data-id=\"references\"\n                                   onclick=handleScrollToTitle(\"references\")\n                                   class=\"StepProgress-item__link\"\n                                   data-level=\"2\">References<\/a>\n                                                            <\/div>\n                                                    <\/li>\n                                    <\/ol>\n            <\/div>\n            <div class=\"toc-sticky__container__disperse\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n<script id=\"toc-js\">\n    window.addEventListener(\"DOMContentLoaded\", () => {\n        const header = document.querySelector(\".header_wrapper\");\n\n        const pageLegend = document.querySelector('#multiCollapse1');\n        const pageLegendList = document.querySelector('#multiCollapse2');\n        const pageLegendCollapse = new bootstrap.Collapse(pageLegend, {toggle: document.querySelector(\".toc-sticky\").classList.contains('sticky')});\n\n        \/**\n         * Changing current title\n         *\/\n        (function (pageLegend) {\n            const titleNodes = 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       const targetHeight = targetListStatic.getBoundingClientRect().height;\n\n            \/\/ -headerHeight so it won't be jumpy\n            const stop = targetListStatic.offsetTop + headerHeight + targetHeight;\n            const docBody =\n                document.documentElement || document.body.parentNode || document.body;\n            const hasOffset = window.pageYOffset !== undefined;\n\n            const applySticky = function () {\n                \/\/ cross-browser compatible scrollTop.\n                const scrollTop = hasOffset ? window.pageYOffset : docBody.scrollTop;\n\n                \/\/ if user scrolls to headerHeight from the top of the target div\n                if (scrollTop >= stop) {\n                    pageLegendCollapse.hide();\n                    \/\/ stick the div\n                    target.classList.add(\"sticky\");\n                    \/\/target.style.marginTop = `${headerHeight}px`;\n                } else {\n                    pageLegendCollapse.show();\n                    \/\/ release the div\n                    target.classList.remove(\"sticky\");\n                    target.style.marginTop = \"\";\n                }\n            }\n\n            applySticky();\n\n            window.addEventListener('scroll', applySticky);\n        })(header, pageLegendCollapse);\n\tjQuery('span.show_moretoc').click(function(){\n\t\tjQuery('span.show_moretoc').hide();\n\t   jQuery('.ms_hidetoc').show();\n\t});\n    });\n\n    \/\/ When the user clicks on the button, scroll to the top of the document\n    function btnTop() {\n        const pageLegend = document.querySelector('#multiCollapse1');\n        document.querySelector('html').classList.remove('overflow-hidden');\n        pageLegend.classList.remove('overflow-auto');\n        pageLegend.style.height = 'auto';\n        window.scrollTo({\n            top: 0,\n            behavior: 'smooth'\n        });\n    }\n\n    const handleScrollToTitle = (id) => {\n        const el = document.getElementById(id);\n        const headerHeightDifference = window.innerWidth < 992 ? -30 : -15;\n        window.scrollTo({\n            top: el.offsetTop - 60 - headerHeightDifference - 10,\n        });\n    }\n<\/script>\n\n<h2><span id=\"visualizing_defis_market_growth\">Visualizing DeFi&#8217;s Market Growth<\/span><\/h2>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"Interactive or visual content\" src=\"https:\/\/flo.uri.sh\/visualisation\/19544764\/embed#?secret=eU8twmAKbx\" data-secret=\"eU8twmAKbx\" frameborder=\"0\" scrolling=\"no\" height=\"575\" width=\"580\"><\/iframe><\/p>\n<p>From early to mid-2021, the TVL in DeFi saw an impressive rise. According to <a href=\"https:\/\/defillama.com\/\" target=\"_blank\">Defi Llama<\/a>, the TVL jumped from about $15 billion in January 2021 to over $170 billion by the end of the year.<\/p>\n<p>This huge growth was mainly due to the increasing popularity of <a href=\"https:\/\/www.techopedia.com\/definition\/33409\/decentralized-application-dapp\">decentralized applications<\/a> (dApps) and <a href=\"https:\/\/www.techopedia.com\/definition\/decentralized-exchange-dex\">decentralized exchanges<\/a> (DEXs), especially on<a href=\"https:\/\/www.techopedia.com\/definition\/32571\/ethereum-cryptocurrency\"> Ethereum<\/a> (ETH).<\/p>\n<p>People were drawn to activities like <a href=\"https:\/\/www.techopedia.com\/definition\/defi-yield-farming\">yield farming<\/a>, <a href=\"https:\/\/learn.bybit.com\/investing\/what-is-liquidity-mining\/\" target=\"_blank\">liquidity mining<\/a>, and DeFi <a href=\"https:\/\/www.techopedia.com\/definition\/staking-blockchain-staking\">staking<\/a>, which promised high returns. Ethereum played a major role in this because most DeFi projects were built on its network, bringing in even more users and money.<\/p>\n<p>But things took a turn in May 2022 when the DeFi market faced a big crash.<\/p>\n<p>One of the main reasons was the <a href=\"https:\/\/www.techopedia.com\/definition\/terra-classic-lunc\">collapse of Terra&#8217;s stablecoin, UST<\/a>, which caused widespread destruction to investors, speculators, traders, and everyday people using the stablecoin for non-crypto purposes \u2014 billions of dollars were wiped out.<\/p>\n<p>The wider <a href=\"https:\/\/www.techopedia.com\/definition\/27531\/cryptocurrency\">cryptocurrency<\/a> market also dropped significantly, and as <a href=\"https:\/\/www.techopedia.com\/definition\/27193\/bitcoin-btc\">Bitcoin<\/a> and Ethereum prices fell, so did the amount of money locked in DeFi.<\/p>\n<p>In addition, growing concerns about regulation and rising interest rates caused many investors to withdraw their funds, causing TVL to drop to less than $50 billion by mid-2022.<\/p>\n<p>By 2023, the decentralized finance market had started to stabilize.<\/p>\n<p>TVL stayed around $50-60 billion, showing that while the rapid growth of earlier years was over, DeFi was recovering steadily. This was helped by Ethereum&#8217;s switch to <a href=\"https:\/\/www.techopedia.com\/definition\/33595\/proof-of-stake-pos\">proof of stake<\/a> (PoS) and the rise of <a href=\"https:\/\/www.techopedia.com\/definition\/layer-two-l2\">layer 2<\/a> solutions like <a href=\"https:\/\/www.techopedia.com\/definition\/arbitrum-arb\">Arbitrum<\/a>, which solved some of the network&#8217;s previous issues. Overall, the market became more stable and mature during this time.<\/p>\n<p>In 2024, the DeFi market is growing again, with TVL reaching about $90 billion by September. Innovations like <a href=\"https:\/\/www.techopedia.com\/definition\/chainlinks-cross-chain-interoperability-protocol-ccip\">cross-chain protocols<\/a> have brought fresh energy to the decentralized finance market, and <a href=\"https:\/\/www.techopedia.com\/defi-vs-cefi-regulation-security-and-innovation\">decentralized insurance products<\/a> are gaining popularity.<\/p>\n<h2><span id=\"how_ethereum_leads_the_decentralized_finance_market\">How Ethereum Leads the Decentralized Finance Market<\/span><\/h2>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" title=\"Interactive or visual content\" src=\"https:\/\/flo.uri.sh\/visualisation\/19545652\/embed#?secret=t5JSVs67uK\" data-secret=\"t5JSVs67uK\" frameborder=\"0\" scrolling=\"no\" height=\"575\" width=\"580\"><\/iframe><\/p>\n<p>Looking at the evolution of the top 5 blockchains in DeFi, it&#8217;s clear that Ethereum has kept its leading position. Back in January 2021, Ethereum already had around $14.7 billion in TVL, far ahead of its competitors \u2014 and in September 2024, its TVL stood at $49.3 billion.<\/p>\n<p>But Ethereum isn&#8217;t entirely without competition.<\/p>\n<p>Tron&#8217;s TVL grew from $130 million in 2021 to $8 billion by September 2024. Its low fees and quick transactions, especially for <a href=\"https:\/\/www.techopedia.com\/definition\/stablecoin\">stablecoins<\/a> and yield farming, have made it popular, especially in Asia.<\/p>\n<p>Other blockchains, such as Solana, Arbitrum, and Binance Smart Chain (BSC), have also gained importance in the DeFi market.<\/p>\n<p>Solana focuses on speed and low costs, attracting developers who need fast transactions. Arbitrum, as a layer 2 solution for Ethereum, helps DeFi platforms handle larger transaction volumes and reduce gas fees. Meanwhile, BSC focuses on offering cheap, fast transactions, although it faces criticism for being more centralized.<\/p>\n<p>By September 2024, Ethereum still leads the market, but blockchain protocols like Solana, Arbitrum, Tron, and BSC are fighting for a bigger share.<\/p>\n<h2><span id=\"risks_in_the_defi_market\">Risks in the DeFi Market<\/span><\/h2>\n<p>While DeFi offers exciting opportunities, it also comes with some serious risks. Here are the key challenges:<\/p>\n<ul>\n<li><strong>Security risks: <\/strong>DeFi platforms depend on <a href=\"https:\/\/www.techopedia.com\/definition\/32499\/smart-contract\">smart contracts<\/a>\u2014automated agreements written in code. If there&#8217;s an issue in the code, it can be exploited. A good example is the <a href=\"https:\/\/www.techopedia.com\/is-the-future-of-defi-at-risk-from-increasing-bridging-hacks\">Wormhole bridge hack in 2022<\/a>, where over $320 million was stolen, showing how vulnerable these systems can be.<\/li>\n<li><strong>Market volatility: <\/strong>The <a href=\"https:\/\/www.techopedia.com\/cryptocurrency\/most-volatile-crypto\">value of assets in DeFi can change drastically,<\/a> especially during downturns in the crypto market. The collapse of Terra&#8217;s UST stablecoin in 2022 led to huge losses across the DeFi world.<\/li>\n<li><strong>Regulatory uncertainty: <\/strong>Governments are still trying to determine how to <a href=\"https:\/\/www.techopedia.com\/how-decentralized-exchanges-dexs-can-thrive-in-a-regulated-world\">regulate DeFi platforms<\/a>. New regulations could impact DeFi&#8217;s growth and future operations.<\/li>\n<\/ul>\n<p>Despite these challenges, many believe that DeFi will keep growing as technology improves and security becomes stronger.<\/p>\n<h2><span id=\"defi_prediction_what_the_future_holds_for_the_decentralized_finance_market\">DeFi Prediction: What the Future Holds for the Decentralized Finance Market<\/span><\/h2>\n<p>The DeFi market has grown quickly, with platforms like Ethereum, Tron, and Binance Smart Chain leading the way. However, this growth comes with challenges, like security risks and market ups and downs.<\/p>\n<p>Looking to the future, the DeFi market has a lot of potential, but its success will depend on how it manages these risks.<\/p>\n<p>We can expect better smart contract security and more reliable platforms as the technology improves. Layer 2 solutions, like Arbitrum, are already making DeFi faster and cheaper by solving some of the issues with scalability \u2014 and in the coming years, cross-chain interoperability will likely become more important in DeFi development, allowing different blockchains to connect more easily.<\/p>\n<p>As these new technologies develop, DeFi growth is expected to continue, attracting both everyday users and larger investors &#8211; but for DeFi to really succeed, the market will need to balance new ideas with security and regulatory compliance.<\/p>\n<h2><span id=\"faqs\">FAQs<\/span><\/h2>\n<div class=\"man_faq_sec\" itemscope itemtype=\"https:\/\/schema.org\/FAQPage\"><section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">Is DeFi a good investment?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">DeFi can be a good investment for those wanting to try something new, but it has risks like everything else. It offers high returns, but it&#8217;s important to think carefully and do your research before investing.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What is the best DeFi market?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">The best DeFi market depends on your needs. Uniswap (on Ethereum) is great for trading tokens, while PancakeSwap (on Binance Smart Chain) offers low fees and fast transactions. For lending and borrowing, Aave (on Ethereum and Polygon) is a popular choice. The ideal platform varies based on whether you want trading, staking, or other services, and how much you value speed, fees, and features.<\/p>\r\n                <\/div><\/div><\/section>\n<section class=\"ms_faq ms_card \" ><div itemscope itemprop=\"mainEntity\" itemtype=\"https:\/\/schema.org\/Question\"><div class=\"accordionButton\"><h3 itemprop=\"name\">What are the top 5 DeFi coins?<\/h3> <\/div>\n<div class=\"accordionContent\" itemscope itemprop=\"acceptedAnswer\" itemtype=\"https:\/\/schema.org\/Answer\" style=\"display:none;\"><p itemprop=\"text\">The top 5 DeFi coins by TVL are:<\/p>\n<ul>\n<li>Ethereum (ETH)<\/li>\n<li>Tron (TRX)<\/li>\n<li>Binance Smart Chain (BSC)<\/li>\n<li>Solana (SOL)<\/li>\n<li>Arbitrum (ARB)<\/li>\n<\/ul>\n<\/p>\r\n                <\/div><\/div><\/section>\n<div class=\"reference-content\">\n<div class=\"reference-heading reference-content-collapsible-heading\">\n<h2><span id=\"references\">References<\/span><\/h2>\n<\/div>\n<div class=\"reference-content-body\">\n<ol>\n<li><a href=\"https:\/\/defillama.com\/\" target=\"_blank\">DefiLlama &#8211; DeFi Dashboard<\/a> (Defillama)<\/li>\n<li><a href=\"https:\/\/learn.bybit.com\/investing\/what-is-liquidity-mining\/\" target=\"_blank\">What Is Liquidity Mining: How to Profit from a Decentralized Ecosystem | Bybit Learn<\/a> (Learn.bybit)<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The decentralized finance (DeFi) market has skyrocketed, changing the way people lend, borrow, and invest without relying on traditional banks. With a total value locked (TVL) amounting to $90 billion in September 2024 and blockchain protocols like Ethereum, Tron, and Binance Smart Chain (BSC) at the forefront, the DeFi market has begun its long game [&hellip;]<\/p>\n","protected":false},"author":286589,"featured_media":321736,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[601],"tags":[],"category_partsoff":[],"class_list":["post-321720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is the DeFi Market Booming? 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