在今年开始时，分散的金融（DEFI）部门将在5月卷土重来。

Defillama的数据显示，跨Defi协议的总价值锁定（TVL）已攀升至1,214.7亿美元，标志着4月份的849亿美元的低点增长了43％。

The decentralized finance (DeFi) sector is staging a comeback in May, following a sluggish start to the year.

在本年度开始缓慢的开始之后，分散的金融（DEFI）部门将在5月卷土重来。

Total value locked (TVL) across DeFi protocols has climbed to $121.47 billion, marking a 43% increase from April’s lows of $84.9 billion, according to DeFiLlama data.

根据Defillama的数据，跨越规程的总价值锁定（TVL）已攀升至1.2147亿美元，比4月份的849亿美元增长了43％。

Several emerging segments, including Bitcoin restaking, real-world asset lending, and infrastructure protocols, have been key drivers of the DeFi rebound. This is fueled by a broader market recovery, renewed investor confidence, and fresh capital flowing into decentralized platforms.

几个新兴领域，包括比特币重新生产，现实世界资产贷款和基础设施协议，都是Fefi反弹的关键驱动力。这是由于更广泛的市场回收率，更新的投资者信心以及新的资本流向分散平台的推动。

Platform upgrades and the rollout of new features have also contributed, attracting users and liquidity back to the ecosystem. As user participation grows, so too do protocol activity and trading volumes.

平台升级和新功能的推出也有贡献，吸引了用户和流动性回到生态系统。随着用户参与的增长，协议活动和交易量也随之增长。

With TVL serving as a key barometer of DeFi health, measuring capital locked into lending, staking, and liquidity, here are the top five projects that posted the largest gains this month.

TVL充当DEFI健康的关键晴雨表，衡量资本锁定在贷款，积分和流动性中，这是本月发布最大收益的前五名项目。

Restaked BTC Category Shows Strong Gains

其余的BTC类别显示出强大的收益

The Restaked BTC category saw the highest TVL growth this month, surging 173%. This coincides with increasing interest in Bitcoin-native DeFi.

RETAKED BTC类别本月的TVL增长率最高，增长了173％。这与对比特币本地偏见的兴趣增加相吻合。

Coffer Network, a prominent player in this segment, saw its TVL increase 69.5% to $317.7 million.

Coffer Network是该细分市场中的杰出参与者，其TVL增加了69.5％，达到3.177亿美元。

The broader ecosystem of Bitcoin-based DeFi protocols now has a combined $3.3 billion in TVL, showcasing a burgeoning appetite for BTC yield-generating platforms.

基于比特币的DEFI协议的更广泛的生态系统现在拥有33亿美元的TVL，展示了BTC产生生成平台的蓬勃发展的胃口。

maximal_bull said it best: "People are now realizing that BTC DeFi is actually pretty neat. We're starting to see some good protocols emerge, and with the DeFi summer narrative, capital is flowing in. Expect this to continue in the coming months."

Maximal_bull说最好的说：“人们现在意识到BTC Defi实际上非常整洁。我们开始看到一些好的协议出现了，随着夏季夏季的叙述，资本正在流入。期望在接下来的几个月中持续下去。”

RWA Lending Protocols Gain Momentum

RWA贷款方案获得势头

TVL in real-world asset (RWA) lending protocols also saw notable gains, rising 106% this May.

TVL在现实世界中的资产（RWA）贷款方案中也取得了显着收益，今年5月上涨了106％。

Offering users the ability to borrow NOTE tokens backed by tokenized real-world assets, Vivacity Finance emerged as a key player in this space. Its TVL rose 13% to $68.55K—modest in dollar terms, but significant in a niche, rapidly expanding category.

为用户提供借用标记现实世界资产支持的笔记代币的能力，Vivacity Finance成为该领域的关键参与者。它的TVL上涨了13％，至68.55万美元 - 以美元计算，但在利基市场迅速扩展的类别中很重要。

In April, the total RWA TVL reached $2.4 billion, a stark increase from $888 million in January, highlighting the burgeoning potential of this emerging sector.

4月，RWA TVL的总额达到24亿美元，比一月份的8.88亿美元急剧增加，强调了这一新兴行业的新兴潜力。

Interest in RWA protocols is expected to continue as institutions and individuals seek new avenues for yield generation and liquidity in the DeFi ecosystem.

随着机构和个人在Defi生态系统中寻求新的产生和流动性的新途径，对RWA方案的兴趣将继续进行。

Unclaimed Coins Status: A New Metric Highlighting RWA Potential

无人认领的硬币状态：一种新的指标，突出了RWA潜力

Unclaimed Coins Status, a service that tracks unclaimed cryptocurrency coins and tokens, provides unique insights into the RWA narrative.

无人认领的硬币状态是跟踪无人认领的加密货币硬币和代币的服务，为RWA叙述提供了独特的见解。

The service had around 10,000 BTC in "unclaimed coins" at a glance, valued at over $280 million at today's prices.

这项服务的“无人认领硬币”约有10,000 btc，目前以今天的价格价值超过2.8亿美元。

This serves as a testament to the untapped potential that exists within the cryptocurrency space, particularly in relation to real-world assets.

这证明了加密货币空间内的未开发潜力，尤其是与现实世界中的资产有关。

As institutions and enterprises increasingly venture into the crypto domain, they are bringing with them large-scale operations and capital. This influx is pushing protocols and projects to innovate further and expand their offerings.

随着机构和企业越来越多地进入加密货币领域，他们带来了大规模的运营和资本。这种涌入正在推动协议和项目，以进一步创新并扩大其产品。

The Health of the DeFi Ecosystem Is Improving Gradually

Defi生态系统的健康正在逐渐改善

The Collateralized Debt Positions (CDPs) category saw a 74.6% rise in TVL. This was driven largely by new protocol launches and token incentives.

抵押债务头寸（CDP）类别的TVL增长了74.6％。这在很大程度上是由新协议的推出和代币激励措施所驱动的。

Summer.fi Pro, an AI-powered yield optimizer saw its saw saw more than double in May following the rollout of its Lazy Summer Protocol and SUMR token.

Summer.fi Pro是AI驱动的收益优化器在5月推出的夏季协议和Sumr代币后，其锯在5月的两倍多。

This drove deposits up to $253.84 million, a 125% increase in one month.

这驱动了高达2.5384亿美元的存款，一个月增加了125％。

The protocol's efforts to optimize yield and provide advanced liquidity management solutions appear to be attracting a significant influx of liquidity.

该协议优化产量和提供先进的流动性管理解决方案的努力似乎吸引了大量流动性。

The Health of the DeFi Ecosystem Is Improving GraduallyThe Developer Tools category, often overlooked in TVL discussions, saw a 74.6% rise.

Defi生态系统的健康状况正在逐渐改善开发人员工具类别，通常在TVL讨论中被忽略了，增长了74.6％。

This was led by Intuition, an Ethereum-based attestation protocol, which saw its TVL jump 77.5% to nearly $120,000 following the project's $4 million funding round.

这是由Intuition（一种基于以太坊的认证协议）领导的，该协议在该项目的400万美元资金回合之后，其TVL跃升了77.5％至近120,000美元。

The protocol, which focuses on providing verifiable information to DeFi protocols and users, seems to be gaining traction as institutions and enterprises demand greater transparency and trustless operations.

该协议的重点是向DEFI协议和用户提供可验证的信息，随着机构和企业要求更高的透明度和无信任的操作，似乎正在引起关注。

DEX on Flare Chain Shows Promise

耀斑链上的DEX显示承诺

Within the DEX category, SparkDEX was a clear standout. A major protocol on the Flare chain, SparkDEX saw its TVL surge 348% in May to $57 million following the integration of the cross-chain stablecoin USDT0.

在DEX类别中，SparkDex是一个明显的杰出表现。 SparkDex在Flare链上进行了一项主要协议，在跨链Stablecoin USDT0集成后，5月的TVL激增348％至5700万美元。

Since the upgrade, SparkDEX's TVL skyrocketed by over 500%, bringing in more than $15 million weekly. Monthly trading volume exceeded $300 million, while the user base grew by 2,000, signaling

自升级以来，SparkDex的TVL猛增了500％以上，每周带来超过1500万美元。每月交易量超过3亿美元，而用户群增长了2,000，发出信号