The TVL of Ethereum liquidity re-pledging protocol has increased nearly 60 times within the year
With the significant increase in demand for pledged asset utility, Ethereum's liquidity re-pledging protocol TVL grew nearly 6,000% in 2024.
According to data from DefiLlama, on January 1st, the liquidity re-pledging TVL on the Ethereum network was about $284 million. By December 15th, this number had grown nearly 60 times to $17.26 billion.
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