DeFi TVL is like that friend who bounces back after a bad breakup – it’s almost at $140b again! 🎉 Perp DEXs are throwing a rager, spot volumes are popping off, and stablecoins are flowing like free drinks at a tech conference. But let’s not forget the party poopers: hacks and regulation are still lurking in the corner, ready to kill the vibe. 😬
- DeFi TVL is back to $140b after a dramatic dip from $170b. It’s like it tripped on the dance floor but got right back up. 💃 Still, it’s just a tiny slice of the crypto pie, which is basically a multi-trillion-dollar wedding cake. 🍰
- Hyperliquid and its cool kid rivals are clearing hundreds of billions in volume. They’re outpacing smaller CEXs like they’re wearing last season’s trends. 👠
- Blue-chip protocols like AAVE and Uniswap are hogging all the stablecoin love, while smaller protocols are left sipping their drinks alone. Meanwhile, sentiment is as fragile as a reality TV star’s ego. 💔
DeFi’s expanding again, but it’s still the underdog in the crypto Olympics. 🏅 TVL is rising, volatility is spicier than a Tina Fey one-liner, and derivatives markets are the life of the party.
DeFi TVL is chilling around $140 billion, recovering from a nosedive to $115 billion after peaking at $170 billion earlier this year. The crypto market cap is still flexing in the trillions, so DeFi’s like the cute but overlooked cousin at the family reunion. 👀 Most of the value is still hanging out with BTC and ETH, the popular kids of the crypto world.
Aave is the only DeFi Protocol with $10B+ TVL after the correction, excluding LST/LRT protocols.
They’ve been grinding for years, building moats wider than the Grand Canyon. Try replicating that, newbies. 🚫
– Tom Wan (@tomwanhh) December 9, 2025
Trading venues are hotter than a New York summer. Perpetual DEXs are clearing trillions like it’s nothing, with Hyperliquid (HYPE) and its crew dominating the scene. They’re outperforming smaller CEXs like they’re not even trying. 💅 Spot DEXs are also holding their own, with daily volumes hitting $10 billion across chains.
DeFi TVL and stablecoins: Still BFFs 💸
Stablecoins are mirroring TVL like a perfectly synced dance routine. Their market cap is bouncing around in the hundreds of billions, fueling lending markets, restaking strategies, and basis trades. Liquidity’s all up in AAVE, Uniswap, PancakeSwap, and the new hot derivatives platforms. Smaller protocols? They’re basically wallflowers at this point. 🌸
DeFi indices are like that friend who’s always dramatic – wide ranges, mean reversion, and still below their 2021 glory days. Meanwhile, BTC and ETH are living their best lives near their highs. Volatility’s starting to chill, which feels like the calm before the next meme coin frenzy. 🌪️
Sentiment’s as fragile as a glass slipper. One hack, exploit, or regulatory smackdown, and it’s back to square one. But hey, institutional adoption’s growing – on-chain credit, tokenized real-world assets, and ETF flows are giving DeFi a seat at the adult table. Regulators in the US and Europe are finally treating DeFi like it’s not just a phase. It’s not risk-free, but at least it’s not being ignored like a bad Tinder match. 👀
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2025-12-09 17:00