DeFi TVL breaks $100 billion for first time in almost two years

The total value of locked assets in the decentralised finance ecosystem surpassed the $100 billion for the first time since May 2022. It is thought that the restaking and real-world assets (RWAs), as well as the surge in prices, have increased interest in this market.

DeFi TVL breaks $100 billion for first time in almost two years

In the decentralised finance world, the total value locked assets, also known as TVL, reached $101 billion yesterday for the first time in a long time. Of this figure, $32.6 billion was on lending platforms, $19 billion on DeFi exchanges, $12.2 billion in collateralised debt positions, and $10 billion in restaking.

The last time TVL was $100 billion was in May 2022. On 11 May 2022, TVL reached $110 billion, but after the Terra LUNA crash, the big collapse of that period, all prices in the cryptocurrency space fell sharply.

“Interest has also been pouring into DeFi with new categories”

Rebecca Stevens, senior research analyst at The Block, mentioned the new categories in her comments on the subject:

“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,” she said. 

The TVL also saw the $190 billion level in November 2021, when Bitcoin reached $69 thousand.

On a chain basis, the largest TVL is on Ethereum with $52 billion. In second place is the TRON chain with $9.8 billion.

TVL value is around $89 billion in the minutes the news was written.

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