The value of decentralized finance (DeFi) protocols returned to its pre-FTX collapse position with the increases experienced in 2023.
The DeFi market healed FTX’s wounds in about a year. Total locked asset (TVL) value in decentralized finance protocols according to DeFiLlama data 2023 within the year From 38 billion dollars to 52 billion dollars rose up. TVL value in dollars since the beginning of this year 36% increase exhibited.
Going bankrupt in November 2022 with the rises. FTX in the markets created by Liquidity loss has been eliminated. DeFi TVL saw its highest point on November 10, 2021, and the locked asset value reached up to $170 billion.
According to current data, the leading protocol in terms of T,VL was Lido Finance (LDO). While LOD is in first place with a billion-dollar TVL, Maker (MKR) is in second place with 8.2 billion dollars. Aave (AAVE) is ranked third on the list with a TVL of $6.5 billion.