According to the monthly newspaper from DappRadarthe DeFi sector has shown signs of recovery since the beginning of this year, ending January 2023 with $74.6 billion in locked assets (TVL).
The amount of assets sent back at DeFi protocols in January 2023 increased by 26.82% compared to December of last year, to $74.5 billion. According to the data of DappRadar, This is also the highest TVL level in the past 4 months since bottoming $50 billion in November.
Lido Finance is DeFi protocol owns the largest amount of TVL, “dethroned” MakerDAO earlier this year. Currently Lido is still holding up, the platform’s TVL recorded a 36.77% increase in the past month and reached $8 billion.
In terms of TVL of the entire chain, Ethereum (ETH) leads the way in TVL volume with $48.6 billion, marking a 29% increase from $37.6 billion in December 2022.
BNB Chain (BNB) and Tron (TRX) ranked second and third with $7.1 billion and $5.3 billion TVL, respectively. Both of these blockchains have recorded an 18% increase in TVL since December of last year.
Notably, despite being in seventh place in the rankings, Optimism (OP) still stands out as it recorded strong growth for the month, with a 57% jump from December’s $589 million to December’s $589 million. $821 million in January.
Cronos (CRO) and Solana (SOL) are the second and third series to record equally strong growth rates, 53% and 51% respectively.