Matrixport: Ethereum spot ETF may not support staking, DeFi TVL increased by $17 billion in the past week
ChainCatcher message, Matrixport posted on X platform stating that DeFi has been lagging behind in this bull market cycle, but after a brief consolidation period, the total TVL has recently increased to $108 billion, reaching the highest level since the Luna/Terra crash in May 2021. As Ethereum spot ETFs are unlikely to provide staking returns, related TVL increased by $17 billion in the past week, with Lido benefiting the most. Overall, this is positive news for Ethereum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Qatar Energy chief refutes Besent: The Strait of Hormuz will never be "worthless"
Qatar's Minister of Energy, Saad Al Kaabi, stated that US Treasury Secretary Scott Besent's claim that the Strait of Hormuz will become "worthless" within two years is "incorrect."
Stacks crypto jumps 13% – Could STX bulls extend the price rally?
Tom Lee predicts the S&P 500 could surpass 8,200 points by the end of the year
Michael Saylor, BlackRock, Metaplanet, and Strive purchase Bitcoin
Crypto prices
More
