The diversified equity financing (Defi) agreement experienced a boom in the total amount locked in different betting pools in January. The market's stock of assets reached $74.6 billion, up 26% from December.

In its latest monthly work plan, Dappra outlines the growth of the Defi industry and its reinvigorated irreplaceable dynamic password (NFT) market, where trading volume and total sales have also increased.

Cheerfulness became the best-performing defi, with the total locked-in (TVL) increasing by 57.44% to $808 million. Blockchain technology investment analyst Sara Gherghelas told Cointelegraph that the positive trading volume was likely to be driven by the "learn more" incentive plan that ended in mid-late January.

As stated by Gherghelas, the sudden drop in trading volume on January 17th suggests that cultural and educational incentive programs are likely to make full use of the selection and placement of DEFI:

By providing practical learning experience, this incentive mechanism can help people gain a deeper understanding of DEFI technology and its potential benefits, and then promote more selection and use of DEFI products and services. "

Solana's TVL grew 57% to $548 million, as Marinade Finance launched a representative incentive plan to reward SOL depositors with liquidity bet derivatives mSOL. The agreement reached US $152 million TVL from December last year to January this year.

However, this will not be all proactive to the Solana ecosystem. Everlend, the service platform, announced the shutdown on February 1st because of the lack of liquidity to stop the service.

Because it is expected to withdraw cash from the etheric place betting agreement, etai Fong will renew the urban area of Shanghai and also promote the bet on Defi. Driven by the most popular liquidity betting derivatives agreement, Lido Financial converted manufacturer DAO into the largest Defi agreement in January.

According to Gherghelas, Lido's solution to liquid bets has been shown to look for key Raqqas to maximize the return of bets to customers.

What distinguishes LIDO from other DEFI contracts is its innovative marking pile solution, which allows users to access liquid medical ether marking posts without the traditional 32 ETH minimum requirements for performance pledges.

Lido's platform is worth more than $8 billion and has grown by more than 36 per cent since December 2022. Gherghelas describes the recent rebound in the digital money market, which is one of the reasons for the rise in Defi TVL:

"the login password market has been rising, resulting in increased investor confidence and capital inflows into the Defi interior space."

NFTS is about to start a recovery this year. Turnover reached US $946 million, up 38% from the same period last year, with the largest trading volume since June 2022.

Etay Fong still dominates the NFT market, accounting for 78.5% of the total trading volume in January, with a value of US $659 million. Yua Labs has had a good month, with its exclusive agent's collection turnover of $324 million.

NFT's collections DeGods and Wukong helped boost Solana's NFT trading volume by 23%. In addition, Polygon's NFT trading volume increased significantly by 124% to 4.5 million transactions, thanks in part to the collection of Geoffrey Trumpka.

As Cointelegraph discussed at the end of 2022, distinctive active wallet data showed a 50% increase in defi, NFT and blockchain game-driven activity and trading volumes compared to 2022 and 2021.