In November, decentralized finance (DeFi) tokens experienced a significant upswing, with many rising over 50% as investor confidence grew following the U.S. elections. This resurgence has pushed the total value locked (TVL) in DeFi back to 2021 levels, reaching $118.4 billion by November 25, according to DefiLlama. Key performers included tokens from Curve Finance, dYdX, and Lido, with CRV leading at a 120.23% increase. Similarly, PancakeSwap, Uniswap, and SushiSwap tokens saw substantial gains, with CAKE up 53.8% and UNI rising 54.7%. Analysts noted that as Bitcoin's market dominance fell below 60%, there was increasing performance dispersion among altcoins, allowing for more diversified investment strategies. Despite Bitcoin hovering around $96,000, it did not breach the $100,000 mark. The broader crypto market has significantly outperformed traditional assets, reflected in growing inflows into global crypto ETFs recently.

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