Ethereum DeFi TVL hits 2-year high as activity on platforms like Uniswap, Aave soars
Summary
Ethereum's DeFi sector has revived, with total value locked (TVL) surpassing $80 billion, the highest in over two years. Uniswap achieved a record monthly trading volume of $38 billion in November, a 50% increase from October, with Arbitrum contributing $19.5 billion. Uniswap's native UNI token rose 10% to $12.84, coinciding with the announcement of a $15.5 million bug bounty program for its upcoming v4 protocol. Aave, the largest DeFi lending platform, reported deposits of $33 billion, a 230% increase since the year's start, placing it among the top 1.4% of US banks by deposits. AAVE token climbed 112% in 2024, reaching a yearly high of $210 before settling at $200.
