DeFi's Total Value Locked hit a new high of $288 billion in November, up 32.7% month over month, as Bitcoin and Ethereum surpassed prior all-time highs. Despite NFT trading activity has reduced, the sector's fundraising has not been hampered. DeFi's TVL has increased dramatically during October, reaching an all-time high on November 9. Within DeFi, battle for TVL supremacy has become increasingly fierce among chains and projects.