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The total value locked(TVL) in DeFi reached $ 78 billion in August;

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According to the DeFi Pulse chart, the total value locked (TVL) in all decentralized finance (DeFi) has risen to $ 78 billion. Simply put, TVL represents the number of assets that are currently embedded in a particular protocol.

This value does not represent the number of outstanding loans, but the total amount of the underlying offer, which is fully secured by a specific DeFi application.

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Aave tops the list with the highest locked value of $ 14.5 billion, followed by Compound ($ 9.98 billion) and Curve Finance ($ 9.70 billion). Meanwhile, B.Protocol and dForce have gained about 21% in the last 24 hours. Pickle Finance, on the other hand, lost -26.58%.

TVL has become the most common metric used to measure the growth of the DeFi sector on Ethereum.

The Defi sector has been on the rise this year, reaching $ 50 billion in May, up more than 50% in three months. It should be noted that the last historical maximum of around $ 90 billion was reached during the first week in May 2021.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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