Data: DeFiTVL of the whole network is nearly US $50 billion, an increase of about 11% over the previous month

According to the report, according to the data of DeFi Llama, the deFi TVL of the whole network reached 49.9 billion US dollars, an increase of about 11% over the previous month. Among them, Lido accounts for 17.69% of the total pledge of the whole network, TVL is 8.83 billion US dollars, and the amount of pledge lockup on Ethereum accounts for about 99%.

Interpretation of this information:

The latest report from DeFi Llama reveals that the decentralized finance (DeFi) space is seeing a significant growth in Total Value Locked (TVL), with the figure reaching $49.9 billion. This represents an increase of around 11% from the previous month’s data, which is a clear indication of the continued growth of DeFi.

The report further highlights the fact that Lido, a popular staking platform, accounts for a significant percentage of the total pledged assets on the network. In fact, the platform is responsible for 17.69% of the total pledge, with a TVL of $8.83 billion. Additionally, Lido’s contribution to the Ethereum network is noteworthy, with almost 99% of the amount of pledge lockup being held on Ethereum.

The data provided by DeFi Llama further reinforces the growth and potential of the DeFi space, which is continuing to witness a significant inflow of capital. This growth is driven by the increased adoption of blockchain technology, which provides a more secure, transparent, and decentralized financial system.

In summary, the report indicates that the DeFi space is experiencing significant growth, with the TVL reaching $49.9 billion, an increase of around 11% from the previous month. Further, Lido, a popular staking platform, is responsible for 17.69% of the total pledge, with a TVL of $8.83 billion. Finally, almost 99% of the pledge lockup is held on Ethereum, reinforcing its position as one of the most popular blockchains for facilitating DeFi transactions.