OKEx Morning Brief: DeFi Total Value Locked Surpasses $100 Billion, Reaching Historic High

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Market Snapshot

As of April 28, the cryptocurrency market shows broad upward momentum, with major coins predominantly gaining:

Top Gainers on OKEx (DeFi sector):

  1. BADGER (+12.67%)
  2. SWRV (+10.58%)
  3. BAL (+9.48%)

👉 Track real-time crypto prices

Trading Data Insights


OKEx Updates

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Unified Account Maker Rewards

Under the Unified Account model, users can earn rankings by accumulating $3,000+ in Maker volume** (Basic Trading Zone). Top participants split **$50,000 USDT and iPhone 12 prizes.


Industry Highlights

DeFi Milestone: TVL Exceeds $100B

DeBank reports **$101.6B total locked**, with net TVL at $728.4B. Leading protocols:

  1. PancakeSwap ($12.7B)
  2. Uniswap ($10.6B)
  3. Compound ($9.7B)

TVL measures a DeFi project’s scale by aggregating asset values locked in smart contracts.


Key Developments

  1. Ellen DeGeneres’ NFT Auction
    The Ellen Show host sold Platinum-tier NFTs via Bitski, with one fetching $14,555.
  2. Landry’s Adopts Bitcoin Payments
    CEO Tilman Fertitta announced 80-90% of their restaurant brands (e.g., Morton’s Steakhouse) will accept BTC within 90 days.
  3. Visa’s Crypto Expansion
    CEO Al Kelly confirmed aggressive moves into crypto, focusing on:

    • Crypto spending APIs
    • Stablecoin/CBDC settlements

Expert Perspective

Prof. Song Xiangqing (BNU):

"Widespread digital currency adoption will reshape payment systems. However, full mainstream integration requires robust infrastructure and legal frameworks to ensure financial stability."

FAQ

Q1: Why is DeFi’s TVL significant?
A1: It reflects user trust and capital inflow, indicating ecosystem growth.

Q2: How does OKEx’s Unified Account benefit traders?
A2: It simplifies multi-asset management and enhances liquidity efficiency.

Q3: What industries accept Bitcoin payments?
A3: Hospitality (e.g., Landry’s), tech, and retail sectors increasingly adopt crypto.

Q4: Are NFTs only for art?
A4: No—they’re expanding into music, real estate, and identity verification.

Q5: How secure is digital currency?
A5: Blockchain encryption ensures high security, but user vigilance remains critical.

Q6: Will CBDCs replace cash?
A6: Likely coexisting, with CBDCs offering faster, traceable transactions.