[ad_1] <br><div><a target="_blank" class="article__lead-img--wrapper" href="https://u.today/wahid-pessarlay" rel="noopener"> <img width="224" height="140" alt="article image" src="https://u.today/sites/default/files/2022-10/24405.jpg" class="author__item-user-avata"/> </a> <div class="article__lead-info"><a target="_blank" class="article__lead-name" href="https://u.today/wahid-pessarlay" rel="noopener">Wahid Pessarlay</a> <p>DeFi TVL hit the $54 billion mark once more, whereas Algorand hit a brand new all-time excessive</p> </div> </div><div> <p>In response to information offered by the main decentralized finance (DeFi) complete worth locked (TVL) aggregator DeFi Llama, the TVL in DeFi protocols has <a target="_blank" rel="nofollow noopener" href="https://defillama.com/"><u>rebounded</u></a> to the $54 billion mark.</p> <figure><img alt="DeFi TVL - Source: DeFi Llama" data-entity-type="file" data-entity-uuid="a4336a81-c491-441f-90bb-66ebc0e0ca74" src="https://u.today/sites/default/files/inline-images/DeFi%20TVL%20-%20Oct%2018.png"/><figcaption>Supply: DeFi Llama</figcaption></figure> <p>Per the information, the overall TVL was down — between $53.7 and $53.29 billion — since Oct. 12. It’s necessary to notice that in September, the TVL was all the way down to $52.22 billion, the bottom since March 2021.</p> <p>At the moment, the biggest DeFi protocol throughout all chains stays the Ethereum-based <a target="_blank" href="https://u.today/makerdao-pauses-aave-lending-activities" rel="noopener"><u>MakerDAO</u></a> with a market dominance of 14.48% and $7.83 billion TVL. </p> <h2>Algorand hits new all-time highs</h2> <p>The younger proof-of-stake (PoS) blockchain Algorand — initially launched in 2019 — simply hit an all-time excessive (ATH) of $275.15 million, in accordance with DeFi Llama information. </p><div class="something middle_banner"> <div class="something__content something__content-square" style="width:336px;height:280px;"> <a target="_blank" rel="nofollow noopener" href="https://servedbyadbutler.com/go2/;ID=183269;size=336x280;setID=558953"><img src="https://servedbyadbutler.com/adserve/;ID=183269;size=336x280;setID=558953;type=img;click=CLICK_MACRO_PLACEHOLDER" width="336" height="280"/></a> <p>Adverts</p> </div> </div> <p>Moreover, the highest DeFi protocol in Algorand, known as Algofi, noticed a virtually 33% enhance in its TVL prior to now 30 days. In response to DeFi Llama information, Algofi has a 48% market dominance with a TVL of roughly $133 million.</p> <p>The brand new milestone has additionally affected Algorand’s native utility token ALGO, giving it a roughly 3% push to the upside. ALGO is buying and selling at $0.33 on the time of writing, <a target="_blank" rel="nofollow noopener" href="https://coinmarketcap.com/currencies/algorand/"><u>according</u></a> to CoinMarketCap Information.</p> <p>Final week, Solana’s (SOL) TVL <a target="_blank" href="https://u.today/solana-sees-unfavorable-defi-sentiment-as-tvl-drops-125-details" rel="noopener"><u>dropped</u></a> 12.5% to $1.1 billion because of the Mango hack, in accordance with a U.Right this moment report. The numbers are nonetheless declining. <a target="_blank" href="https://u.today/cardano-takes-solana-nft-traders-heres-why-they-run-from-sol-to-ada" rel="noopener"><u>Solana’s</u></a> TVL has now plunged to $928 million, per DeFi Llama information.</p> <lt-toolbar contenteditable="false" data-lt-force-appearance="light" style="display: none;"><lt-div class="lt-toolbar__wrapper lt-toolbar__wrapper-hide"><lt-div class="lt-toolbar__premium-icon"/><lt-div class="lt-toolbar__status-icon lt-toolbar__status-icon-has-no-errors" title="LanguageTool - Spelling and Grammar Check"/></lt-div></lt-toolbar> </div> <br>[ad_2] <br><a href="https://u.today/defi-tvl-finally-recovers-algorand-hits-new-ath">Source link </a>