Founder of Aave believes that the spreading of stablecoins can help the broader adoption of decentralized finance

DappRadar recorded the growth of the DeFi sector and updated NFT markets. The Optimism Tier 2 solution was a key driver of DeFi growth, with total value locked (TVL) increasing by more than 57% to $808 million.

According to Blockchain analyst Sarah Gergelas, the volumes of cryptocurrency transactions seem to be explained by the “learn and earn” incentive program that was previously completed.

“By providing a hands-on learning experience, these incentives can help users gain a deeper understanding of DeFi technologies and the potential benefits they offer, thereby facilitating wider adoption and use of DeFi products,” Gergelas explained.

The Solana ecosystem also experienced a 57% increase in TVL, to $548 million. This happened against the background of the introduction of a coin reward system in Marinade Finance. We are talking about rewarding Solana owners with mSOL liquid derivatives.

Last month, Lido Finance overtook Maker DAO as the largest DeFi protocol, due to the “popularity of liquid staking derivative protocols.” Lido recorded a value in excess of $8 billion on its own platform. This is more than 35% more than in December last year.

“What sets Lido apart from other DeFi protocols is its innovative staking solution, which allows users to access liquid ether staking without being tied to the traditional 32 ETH minimum,” Gergelas said.

The NFT space also saw a boost in early 2023. Trading volume was $946 million, up 38% from December last year. This figure was the highest since June 2022.

And the founder of the DeFi protocol Aave, Stani Kulekhov, believes that the spread of stablecoins can help the wider adoption of decentralized finance. In his opinion, the creation of a “payment layer” that includes stablecoins can attract ordinary users to the crypto industry, introducing them to DeFi as a result.

“It’s more about creating a payment layer, and then the whole DeFi cycle starts to close because you have a way to easily exchange value,” Kulekhov said.

What do you think about it?