{"id":25604,"date":"2024-07-22T00:00:30","date_gmt":"2024-07-21T21:00:30","guid":{"rendered":"https:\/\/coinengineer.io\/?p=25604"},"modified":"2024-07-22T18:04:07","modified_gmt":"2024-07-22T15:04:07","slug":"binance-releases-2024-defi-report-defi-tvl-increased-72-this-year","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-releases-2024-defi-report-defi-tvl-increased-72-this-year\/","title":{"rendered":"Binance Releases 2024 DeFi Report: DeFi TVL Increased 72% This Year"},"content":{"rendered":"<p>A new report published by Binance shows a 72% increase in decentralized finance (DeFi) activities, reaching $94.1 billion in the first half of the year.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/binance-releases-2024-defi-report-defi-tvl-increased-72-this-year\/#Increase_in_DeFi_Activity\" title=\"Increase in DeFi Activity\">Increase in DeFi Activity<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/binance-releases-2024-defi-report-defi-tvl-increased-72-this-year\/#Institutional_Investors_Support_DeFi_Growth\" title=\"Institutional Investors Support DeFi Growth\">Institutional Investors Support DeFi Growth<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Increase_in_DeFi_Activity\"><\/span>Increase in DeFi Activity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The DeFi space saw an increase in inflows with total value locked (TVL) in the first six months of the year reaching $94.1 billion, an increase of 72.8%. This growth is seen in almost all sectors of the digital asset market. The crypto market recorded large institutional inflows following the approval of spot Bitcoin ETFs.<\/p>\n<p>A recent market update published by Binance shows TVL rising from $54.4 billion to $94.1 billion. This marks a growth of 72% in the last six months. \u201cThis growth has benefited nearly every aspect of DeFi, including mainstream and niche markets, spurring the emergence of various protocols and providing on-chain access channels to previously inaccessible financial fundamentals\u2026 The Web3 gaming industry had a strong first quarter, However, in the second quarter, the market value of gaming project tokens and other altcoin markets fell sharply.\u201d<\/p>\n<p><em>Might interest you: <a href=\"https:\/\/coinengineer.net\/blog\/pyth-network-launches-express-relay-to-combat-mev-in-defi\/\">Pyth Network Launches Express Relay to Combat MEV in DeFi<\/a><\/em><\/p>\n<p>The broader market has surged to a market cap of $2.27 trillion, a year-to-date (YTD) growth of 37%. In the first quarter of 2024, market capitalization reached over $2.5 trillion, a 60% increase from 2023. According to the report, the last six months have been an airdrop season on tier 2 chains. In particular, incentive programs increased TVL by 90% to $43 billion.<\/p>\n<p>Stablecoins followed a similar path, falling 14% behind their 2022 peak before Terra&#8217;s collapse. However, non-fungible tokens (NFTs) remained volatile and sales declined.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Institutional_Investors_Support_DeFi_Growth\"><\/span>Institutional Investors Support DeFi Growth<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The activities of centralized market players in the crypto market have increased prices and activity in crypto assets and DeFi. The approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) has created a new investment window for traditional players that will increase exposure to Bitcoin.<\/p>\n<p>As a result of billions of dollars invested and expected bullish rallies, BTC price recorded a correction after surpassing its all-time high of $73,000. Currently, Bitcoin is trading at $67,235 and is up 6.5% in the last seven days.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new report published by Binance shows a 72% increase in decentralized finance (DeFi) activities, reaching $94.1 billion in the first half of the year. Increase in DeFi Activity The DeFi space saw an increase in inflows with total value locked (TVL) in the first six months of the year reaching $94.1 billion, an increase<\/p>\n","protected":false},"author":6,"featured_media":14543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[7560,7561,93,7559],"class_list":["post-25604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-binance-defi","tag-binance-defi-report","tag-defi","tag-defi-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance Releases 2024 DeFi Report: DeFi TVL Increased 72% This Year - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/binance-releases-2024-defi-report-defi-tvl-increased-72-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Releases 2024 DeFi Report: DeFi TVL Increased 72% This Year - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"A new report published by Binance shows a 72% increase in decentralized finance (DeFi) activities, reaching $94.1 billion in the first half of the year. 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