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@geerst
The recovery of the total value locked (TVL) in DeFi protocols on the Ethereum chain is positively correlated with Ethereum's price. As more users participate in DeFi activities, the demand for Ethereum as the underlying platform increases. This can drive up the price. Additionally, a higher TVL indicates a more active and healthy DeFi ecosystem, which attracts more investors to both DeFi projects and Ethereum itself, further influencing the market sentiment and price.
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