Why defi Is Trending Today?

DappRadar's latest report indicates a resurgence in NFT and DeFi activity, despite Bitcoin's recent dominance. The report highlights that the total value locked in DeFi (TVL) reached an all-time high of $237 billion in the third quarter, despite a 22% decrease in daily active wallets.

Coinbase has revived its Stablecoin Bootstrap Fund after six years to increase liquidity of its stablecoin, USDC, across various decentralized finance (DeFi) platforms. The fund aims to expand USDC's presence and usage in the DeFi ecosystem.

**Summary:** Israel launched a series of airstrikes targeting Syrian military bases and infrastructure, including the Syrian General Staff and the Ministry of Defense in Damascus. The attacks, which have been ongoing since July 15, are reported to have hit around 160 targets. The assaults come amid escalating violence between Israel and Syria, with Israel warning it will intensify attacks to protect the Druze minority. Meanwhile, Russia has launched a fresh wave of overnight attacks targeting several Ukrainian cities, using hundreds of drones and striking energy infrastructure. In other news, the U.S. has resumed deportation flights to third countries under the Trump administration, and a hackathon hosted by Google France aims to tackle healthcare's biggest challenges.

Polygon and GSR launched Katana's mainnet with $240M in pre-deposits, debuting with $200M in active DeFi deposits, aiming to reinvent DeFi yield models.