DeFi Surges Past $84B as DEX Volume Hits $10B
Decentralized finance has seen significant growth, with total value locked (TVL) in DeFi surpassing $84 billion over the last 24 hours. This surge is accompanied by a substantial increase in daily trading volume on decentralized exchanges (DEXs), which has crossed the $10 billion mark.
The rapid growth of DeFi has been a notable trend in recent months, with various assets and platforms contributing to its expansion. In related news, LeoDex has added native BTC swaps through the BOB Gateway for cross-chain traders, providing users with more flexibility in their trading options.
Bitcoin's price has also been experiencing fluctuations, with short liquidations reaching $3.1 billion over two days according to CoinGlass data recorded on August 19 and 20. The cryptocurrency approached a price of $72,000 following this surge in liquidations.