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The total value locked (TVL) in decentralized finance (DeFi) protocols has surpassed $100 billion for the first time in nearly two years, reaching $101.36 billion on March 5. This milestone highlights a significant growth phase in the DeFi ecosystem and indicates an increase in sector activities and investor participation.
DeFi TVL Breaks Through $100 Billion
According to The Block’s data dashboard, the value locked in DeFi exceeded $100 billion on May 11, 2022, reaching approximately $112.67 billion. This points to the last time TVL surpassed $100 billion. Additionally, the distribution of TVL across different DeFi categories showcases the sector’s diversity. Lending platforms, with $32.62 billion or 32.2% of the total TVL, underscore their significant role in the DeFi space.
Decentralized exchanges (DEX) account for $19.97 billion or 19.7%, followed by collateralized debt positions with $12.22 billion or 12%, and repurchase activities holding $10.06 billion or 9.9%. The disclosed figures represent the diverse interests and applications in the DeFi ecosystem, from transactions to lending, and innovative ways users maximize their cryptocurrency holdings.
ETH Staking on the Rise
Moreover, Ethereum‘s staking successes have reached a new peak. With over 31.5 million Ethereum staked on the blockchain, valued at approximately $115 billion and constituting 26% of the total Ethereum supply, this new peak underscores the Ethereum network’s importance for the DeFi sector and could indicate strengthened confidence in long-term expectations.
The last instance of DeFi TVL crossing the $100 billion threshold was recorded on May 11, 2022, at the level of $112.67 billion. The current recovery and expansion of TVL in DeFi could reflect renewed excitement in the market due to both a recovery in cryptocurrency values and the emergence of new DeFi categories that continue to attract investment and interest.
