DeFi Volume Reaches Record $10B as TVL Surges Past $83 Billion

DeFi protocols have seen a significant surge in activity, with total value locked (TVL) reaching $83.216 billion on August 20, up from the previous day.

The DEX volume hit $10.886 billion, marking the first daily break above $10 billion since June 1. This increase in trading activity is a sign that traders are putting capital to work on-chain, rather than just holding onto assets.

Uniswap remains the largest decentralized exchange (DEX) by volume, processing around $3.1 billion to $3.4 billion across its deployments in recent 24-hour readings.

Solana has taken the top spot for spot DEX activity, followed closely by BNB Smart Chain, Ethereum, and Base.