Gold Finance reported that the total locked value (TVL) in decentralized finance (DeFi) applications reached $192 billion in May, the highest since February 2022. The growth is mainly driven by the appreciation of ETH and increased trading activity. However, despite the increase in TVL, the number of active wallets (UAW) in DeFi decreased by 21% to 1.75 million. Ethereum accounts for 68% of the DeFi market TVL, reaching $130 billion. Solana ranks second with $10.9 billion, accounting for 5.7%. DappRadar attributed the increase in TVL mainly to short-term speculation in Ethereum Exchange Traded Funds (ETFs).
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Gold Finance reported that the total locked value (TVL) in decentralized finance (DeFi) applications reached $192 billion in May, the highest since February 2022. The growth is mainly driven by the appreciation of ETH and increased trading activity. However, despite the increase in TVL, the number of active wallets (UAW) in DeFi decreased by 21% to 1.75 million. Ethereum accounts for 68% of the DeFi market TVL, reaching $130 billion. Solana ranks second with $10.9 billion, accounting for 5.7%. DappRadar attributed the increase in TVL mainly to short-term speculation in Ethereum Exchange Traded Funds (ETFs).