DeFi TVL increased 26.82% in January

DeFi’s total value locked (TVL) recorded an increase of 26.82% in January to reach $74.6 billion, according to DappRadar’s January Industry report. Currently, DeFi TVL is at an all-time high for the last four months. According to the data, the DeFi TVL fell as low as around $50 billion during November, marking the lowest in the previous four months.

Lido Finance became the most extensive DeFi protocol in January. Its TVL recorded a 36.77% increase during the month, reaching $8 billion.