Steno Research: Crypto Ecosystem TVL May Climb to Record Highs in First Half of Next Year
According to a new report from Steno Research, while the current Total Value Locked (TVL) of the crypto ecosystem is still below its 2021 peak, it is expected to climb to an all-time high in the first half of next year.DeFi's recovery is closely tied to U.S. interest rates, which determine investors' propensity to seek out high-risk opportunities in decentralized financial markets.
In addition, increased supply of stablecoins, growth in real-world assets (RWAs), and lower fees on the ethereum network are key factors driving the recovery of the DeFi market.
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