🚀 DeFi Rises Again! 🚀

- DeFi (Decentralized Finance) is making a comeback, with active loans reaching $13.3 billion, the highest level since early 2022. TVL (Total Value Locked) has also jumped 160% from its 2023 low!

- Terminal Token reported increased lending activity, indicating a potential increase in leverage and perhaps the start of a bull market. Get ready, guys! 🐂

- At the peak of the 2021 bull market, active loans in DeFi reached $22.2 billion. However, this figure drops drastically to $3.1 billion in January 2023.

- DeFi's TVL also plunged 80% from $180 billion (Nov 2021) to $37 billion (Oct 2023). But now, TVL is back up to $96.5 billion, with Lido leading the way at $38.7 billion.

- Taiki Maeda of Humble Farmer Academy predicts we are entering a "DeFi renaissance" after 4 years of underperformance. He highlighted Aave as a platform that is ready to shine.

- Even so, CoinGecko data shows the DeFi market capitalization is only 3.4%. Native tokens like Aave, Curve Finance (CRV), and Uniswap are still down more than 80% from their all-time high.

What do you guys think? Come on, discuss in the comments column!