Key Insights
- While most DeFi tokens had a positive month, those with recent fundamental improvements outperformed. THORChain, Osmosis, and Chainlink were among the top performers.
- Solana’s ecosystem benefitted from its recent price rally. Its cumulative TVL hit $1 billion with liquid staking protocols, Marinade and Jito, becoming its largest protocols by TVL.
- After a quiet Q3, an improving market sentiment led to growth in DEX volumes and stablecoin yields.
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