Gate Decentralized Finance Daily ( August 27 ): WLFI Lockbox contract deposits $3.5 billion; Aave treasury net worth hits a new high.

On August 27, the overall rebound in the crypto assets market drove a rapid recovery in the Decentralized Finance (DeFi) zone. The total lock-up position (TVL) of DeFi across the network rose to approximately $157.118 billion, with a 24-hour increase of 3.62%. The 24-hour trading volume of decentralized exchanges (DEX) reached $17.87 billion, with Uniswap, PancakeSwap, and Hyperliquid ranking in the top three. Multiple public chain ecosystems are showing activity, with both Ethereum and Solana DEX trading volumes exceeding $3 billion, while the Base chain's trading volume remains stable. Driven by market recovery and project dynamics, tokens such as UNI, CRV, and SYRUP have seen significant increases, and the enthusiasm for DeFi investment continues to rise.

DeFi Market Overview

(Source: DeFiLlama)

Total DeFi TVL across the network: approximately 157.118 billion USD, with the Crypto Assets market rebounding, rising 3.62% in 24H.

DEX 24-hour volume: approximately 17.87 billion USD, with the top three being: Uniswap (4.982 billion USD), PancakeSwap (1.998 billion USD), Hyperliquid (1.653 billion USD).

Popular Protocols and On-chain Performance

The top ten DeFi protocol data ranked by TVL is as follows:

(Source: DeFiLlama)

The top-ranked protocol data performances are as follows:

Lido: TVL approximately $40.496 billion, daily rise of 4.19%, weekly growth of 9.94%, 24-hour fees approximately $3.25 million;

Aave: TVL approximately 39.986 billion USD, daily rise of 2.81%, weekly growth of 10.86%, 24-hour fees approximately 3.02 million USD;

EigenLayer: TVL approximately $20.992 billion, daily rise of 4.08%, weekly growth of 10.46%, 24-hour fees approximately $305,000;

Ethena: TVL approximately 12.379 billion USD, daily rise 0.65%, weekly growth 5.65%, 24-hour fee approximately 25,791 USD;

ether.fi: TVL approximately 11.988 billion USD, daily rise of 4.04%, growth of 8.88% over the past week, 24-hour fees approximately 963,000 USD.

Project News Summary

1. According to on-chain analyst Ai Yi (@ai_9684xtpa), there are already 13.35 billion Tokens in the WLFI Lockbox contract, worth 3.5 billion USD. Based on the current price of the WLFI contract at 0.2615 USD, the paper return rate for Phase 1 public round investors is still 16.43 times, while Phase 2 has 4.23 times.

Additionally, it seems to be affected by the XPL hedging sniper incident, with Hyperliquid WLFI OI (Open Interest) decreasing by 49% in the past 24 hours;

Meanwhile, according to Lookonchain monitoring, as the launch time of WLFI approaches in 5 days, a whale created a new wallet "0x8C43" and spent 248 ETH (1.12 million USD) 6 hours ago to purchase 6.95 million WLFI related meme coins Block.

2. According to official news, the prediction market DeFi layer protocol Gondor announced the completion of its angel round financing, with the specific amount undisclosed. This round of financing was co-invested by Maven 11. It is reported that Gondor's first product "Polymarket Position Lending Protocol" is about to be launched.

3. According to data from the crypto analysis firm TokenLogic, Aave's treasury net worth (excluding AAVE) has reached a historical high of $132.7 million, with a year-on-year growth rate of 130%. If AAVE is included, the treasury balance is approximately $329 million.

The current composition of Aave's net treasury is: 44.6% Ether and related tokens, 39.5% stablecoins, 10.8% DeFi tokens, and BTC-related tokens account for 4.9%.

4. Meteora officially announced that the final confirmation of the first season points has been completed, and the specific distribution status of the first season points is as follows.

Points for 2024: A total of 327.7 billion (327,723,650,254) points distributed across 328,976 wallets;

Points for 2025: A total of 565.3 billion (565,366,058,002) points distributed across 287,687 wallets;

Launch Pool Points: A total of 30.77 billion (307,712,100,712) points, distributed across 24,929 wallets.

5. The DeFi protocol Resolv Foundation stated that since gradually enabling the fee switch on July 31, the Resolv Foundation has generated $226,000 in core protocol fees. The buyback has already begun: approximately $170,000 in revenue has been used to purchase about 1 million RESOLV, with an average price of about $0.16 per coin.

6. The DeFi platform BetterBank on PulseChain was attacked, resulting in losses of approximately 5 million USD. The attacker has exchanged part of the stolen assets for 215 ETH (about 983,000 USD), and the current storage address is: 0xf3ba0d57129efd8111e14e78c674c7c10254acae.

Overview of Major Ecological Leading DeFi Projects

Ethereum DEX 24-hour trading volume remains at the top, approximately 4.84 billion USD, with a trading volume of about 140.13 billion USD over the past 30 days, among which the top three projects are:

Uniswap (24-hour volume 2.713 billion USD), Ekubo (24-hour volume 734.43 million USD), Fluid (24-hour volume 521.54 million USD);

Solana DEX ranks second in 24-hour volume, only behind Ethereum, at approximately $3.184 billion, with a total volume of about $109.365 billion in the past 30 days, among which the top three projects are:

HumidiFi (24-hour volume $644.44 million), Orca (24-hour volume $637.63 million), Raydium ($479.01 million);

Base DEX 24-hour volume still ranks third, approximately $2.072 billion, with a trading volume of about $52.714 billion over the past 30 days, of which the top three projects are:

Aerodrome (24-hour volume 875.06 million USD), Uniswap (634.15 million USD), PancakeSwap (468.98 million USD).

Gate DeFi zone Token market data

According to the data from the Gate market page, the price performance of the top ten tokens in the DeFi zone is as follows:

(Source: Gate DeFi zone market trends)

On August 27, as the cryptocurrency market as a whole rebounded, the tokens in the DeFi zone performed well, among which:

UNI is currently reported at 9.93 USD, with a 24-hour rise of 2.1%;

AAVE is currently reported at 329.88 USD, with a 24-hour rise of 0.02%;

INJ is currently priced at 13.37 USD, with a 24-hour rise of 3.81%;

CRV is currently priced at 0.8126 USD, with a 24-hour rise of 5.18%;

SYRUP is currently reported at 0.4573 USD, with a 24-hour rise of 13.99%.

Market Trend Analysis

1. TVL steadily rebounds, Lido and Aave lead

Lido and Aave continue to solidify their leading positions, with TVL reaching $40.496 billion and $39.986 billion respectively, both showing a weekly increase of over 10%, indicating a strong recovery in staking and lending demand. Protocols like EigenLayer and ether.fi have seen significant growth, driving the expansion of the Ethereum staking market.

2. DEX volume recovers strongly, on-chain ecosystem competition intensifies

The 24-hour volume on the Ethereum chain DEX has rebounded to 4.84 billion USD, with Solana following closely at 3.184 billion USD. The Aerodrome, Uniswap, and PancakeSwap in the Base chain ecosystem have shown stable performance. The volume of multi-chain DEX has exceeded historical average levels, indicating a gradual recovery of on-chain liquidity.

3. Frequent Hot Projects and Risk Events

WLFI contract Lock-up Position assets exceed 3.5 billion USD, the public offering round investment return rate is still considerable, and whale activity intensifies market expectations. Meanwhile, the PulseChain platform BetterBank suffered a 5 million USD attack, reminding the market to remain vigilant between high returns in Decentralized Finance and security risks.

4. Token performance rises in sync with market enthusiasm

Gate market shows that CRV's daily rise exceeds 5%, SYRUP rises nearly 14%, becoming a star in the zone; UNI and AAVE have steady trends, reflecting the capital support for leading projects.

Analyst's View

1. Clear signs of capital inflow: The recent synchronous rise in market TVL and DEX volume indicates that capital is flowing back into the on-chain ecosystem, with staking and lending protocols becoming the main battleground for capital concentration.

2. The Multi-Chain Landscape Continues to Evolve: The trading volume performance of Solana and Base remains robust, highlighting the differentiated competition in the multi-chain DeFi ecosystem, and the demand for cross-chain liquidity tools among investors may continue to grow.

3. Project dynamics stimulate investment sentiment: The high lock-up position value of WLFI and the whale layout events have become the focus of market attention, with crypto assets narratives constantly updating, expected to further drive the zone's heat.

4. Risks Still Exist: Hacker attacks and protocol security risks still require close attention. Although there are significant signs of market recovery, the security governance of Decentralized Finance remains an important reference factor for investors.