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The crypto and decentralized finance sectors have been growing at an impressive rate over the past month.&nbsp; 
According to data provided by Defi Llama, the DeFi total value locked increased by roughly $47 billion over the last 30 days, reaching a 31-month high of $134.7 billion — this level was last seen in May 2022. 
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 <img loading="lazy" decoding="async" width="1025" height="421" src="https://crypto.news/app/uploads/2024/12/Screenshot-2024-12-04-131152.png" alt="DeFi TVL reached 31-month highs, market cap broke the $3.7t mark - 13" class="wp-image-14316093">
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 DeFi TVL | Source: <a href="https://defillama.com/" target="_blank" rel="nofollow">Defi Llama</a>
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</figure> 
Moreover, the <a href="https://crypto.news/tag/defi/" target="_blank">DeFi</a> daily trading volume is currently sitting at $16 billion.&nbsp; 
The leading DeFi and liquid staking protocol, Lido, saw its TVL surpass the $36 billion mark after a 50% surge in 30 days. AAVE, the top lending protocol, reached a $20.6 billion TVL, thanks to the 54% rally over the last month. 
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EigenLayer, the leading Ethereum-based restaking protocol, also registered a 64% increase in its TVL in the same timeframe, reaching $17.1 billion. 
Ethereum’s (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) DeFi TVL surged to $72.9 billion, followed by TRON’s (<a href="https://crypto.news/price/tron/" target="_blank">TRX</a>) $13.6 billion, according to DeFi Llama. 
Matrixport analysts said on Nov. 29 that President-elect <a href="https://crypto.news/tag/donald-trump/" target="_blank">Donald Trump</a>’s pro-crypto stance could <a href="https://crypto.news/trumps-pro-crypto-leadership-could-fuel-defi-renaissance-in-us-analysts-say/" target="_blank">fuel the DeFi space</a> in the U.S. — Trump’s inauguration is scheduled for Jan. 20, 2025. 
In addition to the DeFi sector, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) and altcoins also registered a strong bullish momentum since the U.S. elections in November. According to <a href="https://www.coingecko.com/en/global-charts" target="_blank" rel="nofollow">data</a> from CoinGecko, the global crypto market cap increased by $1.33 trillion in the last 30 days — currently sitting at an all-time high of $3.73 trillion. 
Bitcoin currently has a 51.3% dominance over the broader crypto market, CoinGecko data shows. 
The daily crypto trading volume is hovering at $418 billion. 
 Read more: <a rel="" href="https://crypto.news/bitcoin-eyes-100000-amid-74-5-probability-of-25bps-rate-cut/"> Bitcoin eyes $100,000 amid 74.5% probability of 25bps rate cut </a>

DeFi TVL reached 31-month highs, market cap broke the $3.7t mark

crypto.news

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