DeFi TVL breaks $100 billion for first time since May 2022
Quick Take The total value locked in the decentralized finance ecosystem surpassed $100 billion for the first time in almost two years. Surges in cryptocurrency prices likely caused the high TVL, along with increased interest in restaking and real world assets (RWAs).
The total value locked (TVL) in decentralized finance (DeFi) protocols exceeded $100 billion for the first time in nearly two years.
The last time the TVL in DeFi surpassed $100 billion was on May 11, 2022, according to The Block's Data Dashboard . On that day, DeFi TVL was $112.67 billion.
"The recent rebound in crypto asset prices has helped TVL grow in USD terms, but more interest has also been pouring into DeFi with new categories like RWA and restaking drawing significant attention and also bolstering the amount of funds locked across DeFi protocols," said Rebecca Stevens, senior research analyst at The Block.
Meanwhile, staking on Ethereum ETH -2.73% also hit a notable high. Over 31.5 million ether worth around $115 billion, comprising 26% of total ether supply, has been staked on the Ethereum blockchain, The Block previously reported .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OracleX Global Public Beta: Restructuring Prediction Market Incentive Mechanisms with "Proof of Behavior Contribution"
OracleX is a decentralized prediction platform based on the POC protocol. It addresses pain points in the prediction market through a dual-token model and a contribution reward mechanism, aiming to build a collective intelligence decision-making ecosystem. Summary generated by Mars AI The content of this summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
Bitcoin is not "digital gold"—it is the global base currency of the AI era
The article refutes the argument that bitcoin will be replaced, highlighting bitcoin's unique value as a protocol layer, including its network effects, immutability, and potential as a global settlement layer. It also explores new opportunities for bitcoin in the AI era. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.
Bitcoin 2022 bear market correlation hits 98% as ETFs add $220M
Fed rate-cut bets surge: Can Bitcoin finally break $91K to go higher?
Trending news
MoreCrypto prices
More
