Total value locked (TVL) in DeFi protocols rose to $47.8 billion. The leader is Lido with $19.7 billion, while the second and third spots are held by Maker ($8.3 billion) and JustLend ($6 billion), respectively.<\/p>\n TVL in Ethereum applications rose<\/a> to $26.9 billion. Trading volume on decentralized exchanges (DEX) over the last 30 days stood at<\/a> $72.8 billion.<\/p>\n Uniswap continues to dominate the non-custodial exchange market \u2014 accounting for 62.3% of total turnover. The second DEX by trading volume is PancakeSwap (14.8%), the third is Curve (6.6%).<\/p>\n Activity in the DeFi<\/a> and NFT<\/a> directions shows early signs of recovery, as the prospect of bitcoin-ETF<\/a> approval improved sentiment in the crypto markets. Analysts arrived at this conclusion<\/a>.<\/p>\n They say the main driver of DeFi segment growth is increased trading activity on decentralized exchanges. A significant influence was also exerted by liquid staking<\/a> Lido Finance.<\/p>\n On November 17, about $9 million from the dYdX decentralized derivatives exchange’s insurance fund were used<\/a> to cover liquidations of user positions on the Yearn Finance (YFI) token market.<\/p>\n The team said the fund, with a balance of $13.5 million, remains well funded; user funds were not affected and an investigation is underway.<\/p>\n In Antonio Juliano’s view, founder and CEO of dYdX, the losses arose from a “targeted attack” on the exchange, which involved “manipulating the entire YFI market.”<\/p>\n The developers of the Solana-based liquid staking protocol Jito Network launched the native governance token<\/a> JTO with a circulating supply of 1 billion tokens.<\/p>\n Jito is building infrastructure to reduce the negative impact of MEV<\/a> bots on the main ecosystem. According to the company, the JitoMEV validator network controls 40% of the assets staked in Solana.<\/p>\n The launch of the native token will give “community members the ability to have a direct say in decisions and the direction of the network,” including setting fees for the staking pool, controlling treasury revenues, and DAO<\/a>.<\/p>\n Initially, 115 million JITO were put into circulation: about 34% of tokens are allocated to community growth, 25% to ecosystem development, 24.5% to core participants, and 16% to investors.<\/p>\n Representatives of the project also announced that 10% of the coin\u2019s issuance would be handed to the Jito community in recognition of their contribution to building the network and enabling governance from day one, effectively announcing an airdrop<\/a>.<\/p>\n Also on ForkLog:<\/p>\n![\"Snimok-ekrana-2023-12-02-v-14.19.55\"](\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2023-12-02-v-14.19.55-1024x583.png\")
JPMorgan notes early signs of DeFi revival<\/strong><\/h2>\n
dYdX lost $9 million in a targeted attack<\/strong><\/h2>\n
Jito launches governance token and announces an airdrop<\/strong><\/h2>\n