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DeFi Total Value Locked (TVL) Surpasses $100 Billion for First Time Since May 2022

In a significant milestone for the decentralized finance (DeFi) sector, the total value locked in DeFi protocols has exceeded $100 billion for the first time in nearly two years, reaching a total of $101.3 billion.

Breaking down the composition of this milestone, lending activities accounted for $32.6 billion, representing 32.2% of the total TVL. Decentralized exchanges followed closely behind, with a TVL of $19.97 billion, constituting 19.7% of the total. Collateralized debt positions contributed $12.22 billion, making up 12% of the TVL, while restaking activities amounted to $10.06 billion, representing 9.9% of the total.

The last time the DeFi TVL surpassed $100 billion was on May 11, 2022, when it reached a peak of $112.67 billion, according to data from DefiLlama.

Simultaneously, the Ethereum blockchain has seen over 31.5 million Ether staked, valued at approximately $115 billion. This amount represents around 26% of the total Ether supply and underscores the significant role of Ethereum in the DeFi ecosystem.

The resurgence of DeFi TVL to over $100 billion reflects renewed interest and activity within the DeFi space, highlighting its resilience and ongoing growth despite previous fluctuations and market challenges.

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