- Four emerging DeFi projects saw a combined inflow of over $380 million in June.
- Agglayer attracted $160 million to its Vault Bridge protocol after launching in May.
- Nucleus quintupled its total deposits to $110 million in two weeks.
- Deposits on Katana increased 22-fold in June, peaking at $250 million before falling to $100 million.
- Yala Finance grew its assets from $33 million to $135 million in one month.
Several newly launched projects in decentralised finance (DeFi) have attracted significant investment in June as users seek new opportunities beyond established platforms. Data shows that four lesser-known protocols, Agglayer, Nucleus, Katana, and Yala Finance, have experienced rapid growth in investor deposits.
Agglayer, developed by the team behind Polygon, debuted its Vault Bridge protocol on May 8. Vault Bridge moves assets between blockchains and allows users to earn yield in Morpho vaults. The protocol collected more than $160 million in deposits shortly after launch.
Nucleus, a protocol that lets users employ different yield strategies across multiple blockchains, reported that the total value of deposits increased five times to $110 million within two weeks. The project enables investors to explore several blockchain ecosystems while managing their returns.
Katana, a DeFi-focused blockchain supported by Polygon and GSR, introduced its mainnet on June 30. Its early access feature, Katana Pre Launch, allowed users to deposit into yield-generating vaults and receive NFTs containing Katana tokens. In June, deposits surged from around $10 million to $250 million, before stabilizing at under $100 million as users shifted focus to the recently launched chain.
Yala Finance lets users borrow stablecoins backed by more collateral than the borrowed amount, such as Bitcoin, and provides its own stablecoin YU for use across protocols. In June, total value locked (TVL) climbed from $33 million to $135 million.
These figures, as tracked by DeFi analytics platform DefiLlama, indicate a renewed interest in both classic and new DeFi investment schemes. The surge shows that investors continue to explore alternatives across the growing DeFi landscape.
For further details, readers may refer to the official Vault Bridge announcement here, as well as the Katana launch update here.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- FHFA Chief Demands Probe Into Powell Over $2.5B Fed HQ Revamp
- SEC to Review Grayscale GDLC ETF Approval, Stays Conversion Order
- P2Pool v4.8.1 Released With Key Sidechain Security Fixes
- BlackRock’s Bitcoin ETF Outpaces S&P 500 Fund in Annual Revenue
- Belgium’s KBC Bank Seeks Approval to Offer Retail Crypto Services