KEYTAKEAWAYS
- Total DeFi Token Market Cap Reaches $122.023 Billion
- Total Value Locked in DeFi Reaches $121.287 Billion
- Solana DEX 24-hour Trading Volume Surpasses Combined Total of Ethereum and All Its L2s
CONTENT
Welcome to CoinRank Daily Data Report. In this column series, CoinRank will provide important daily cryptocurrency data news, allowing readers to quickly understand the latest developments in the cryptocurrency market.
TOTAL DEFI TOKEN MARKET CAP REACHES $122.023 BILLION
On January 8th, the total market capitalization of DeFi tokens reached $122.023 billion, with STETH at $32.2 billion, LINK at $13.2 billion, and UNI at $8 billion. HYPE followed closely behind with a market cap of $7.2 billion.
Source: CoinGecko
Analysis:
Six DeFi tokens have entered the top 50 cryptocurrency market cap rankings. Recent market cap changes of mainstream DeFi tokens show positive correlation with BTC fluctuations, moving in line with Bitcoin’s movements.
TOTAL VALUE LOCKED IN DEFI REACHES $121.287 BILLION
On January 8th, the Total Value Locked (TVL) in DeFi stood at $121.287 billion. Among this, Lido’s TVL was $32.525 billion, AAVE’s TVL was $20.246 billion, and EigenLayer’s TVL was $14.698 billion.
Source: DefiLlama
Analysis:
The Total Value Locked in DeFi has shown significant growth over the past two years, but still has some distance to reach the 2022 peak. With the emergence of numerous new DApps in this bull market, DeFi projects’ TVL is expected to catch up with and possibly exceed previous levels in 2025.
SOLANA DEX 24-HOUR TRADING VOLUME SURPASSES COMBINED TOTAL OF ETHEREUM AND ALL ITS L2S
According to DefiLlama data, the 24-hour trading volume of DEXs on Solana has exceeded the combined total of Ethereum and all its L2s. Specifically, Solana DEX 24H trading volume reached $3.982 billion; Ethereum DEX 24H trading volume was $1.706 billion; and Base network ranked third with 24H trading volume of $1.207 billion.
Source: DefiLlama
Analysis:
Competition among DEXs on public chains is intense, with a leading group emerging. DEXs on Solana, Ethereum, Base, and BSC chains show significantly higher daily trading volumes than DEXs on other public chains. A daily trading volume of $500 million is becoming the dividing line for DEXs across various public chains.
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