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
Assessing if Avalanche’s growing network activity can spur AVAX’s price recovery
Berkshire's stock hits a new high amid tech plunge as return to yen bonds sparks heated "increase positions in Japan" discussion
Berkshire Hathaway has hired banks to prepare for its first yen bond issuance since April, aiming to raise more funds in Japan. According to sources familiar with the matter, Berkshire has mandated Mizuho Securities and Bank of America Securities for a potential benchmark yen bond issuance, which is expected to take place in the near future, though the exact timing will depend on market conditions.
Nomura's monopoly is being challenged! Mizuho (MFG.US) is reshaping Japan's underwriting landscape with global IPOs
Mizuho is establishing a solid foothold in Japan's equity capital market by leveraging a unique and highly profitable track: on one hand, it is tapping into the strong demand for AI financing from the US market, and on the other, connecting with the vast domestic household savings in Japan.
Crypto prices
More
