DeFi Ecosystem 2024: TVL Recovery, Regulatory Pressures, and Surging Adoption Trends
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By CryptoFlare AI
DeFi's Total Value Locked has recovered to $105 billion in October 2024, marking a significant rebound from 2022 lows, fueled by Layer 2 scaling, RWA tokenization, and cross-chain interoperability. Despite regulatory pressures from the SEC and EU's MiCA, adoption surges with 1.2 million daily active users and institutional entries like BlackRock's Ethereum-based tokenized funds. Ethereum holds 58% of TVL ($61B), followed by Solana (12%) and Binance Smart Chain (9%).
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