The total value (TVL) in decentralized finance protocols (DeFi) exceeded $100 billion for the first time in almost two years.
The last time TVL in DeFi exceeded $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 recovery in crypto asset prices has helped TVL to grow in USD terms, but there is also increased interest in DeFi with new categories such as RWA and rebalancing attracting significant attention and also increasing the amount of funds locked through DeFi protocols,” said Rebecca. Stevens, senior research analyst at The Block.
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About the author
MK Manoylov has been a reporter for The Block since 2020, joining just before Bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering all crypto news, but with a bias toward NFT, metaverse, web3 gaming, finance, crime, hack, and crypto ecosystem stories. MK is a graduate of New York University’s Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.
