DefiLlama just recorded the TVL for the Farm protocol Stellar DeFi Hub: it rose 74.1% in 24 hours to $95.35 million. I compared that with the 7-day gain of +71.2%, and almost all of the increase is concentrated in the past day or two rather than building gradually. $XLM The current price is 0.1803, up just 2.15% over 24 hours. The money flowing into the pool has moved considerably faster than the price. I wouldn't take this kind of divergence as proof that the fundamentals have already changed; it looks more like capital rushed into the pool before the spot market caught up. What matters more to me is whether the TVL can hold. If incentives or a new product are driving it, the drop back down is often faster than the run-up.
#链上数据 #DeFi