‘Defi Total Value Locked exceeds 0 billion for the first time since May 2022’

The total value locked (TVL) in decentralized finance (defi) protocols has surged past 0 billion for the first time in almost two years, reaching a milestone of 1.3 billion.

Lending activities accounted for .6 billion, representing 32.2% of the total TVL, while decentralized exchanges held .97 billion (19.7%), collateralized debt positions were at .22 billion (12%), and restaking activities totaled .06 billion (9.9%).

This latest achievement comes after the previous peak of defi TVL exceeding 0 billion on May 11, 2022, when it reached 2.67 billion, as reported by DefiLlama.

In addition, a significant amount of Ether is currently staked on the Ethereum blockchain, with over 31.5 million Ether valued at approximately 5 billion. This amount constitutes 26% of the total Ether supply.

A one-year chart of defi TVL trends provided by DeFiLlama illustrates the growth and fluctuations in the defi ecosystem over the past year.

As the defi space continues to evolve and expand, reaching new milestones and attracting more participants, the total value locked in defi protocols is expected to continue its upward trajectory.

spot_img

More from this stream

Recomended

Tenable Launches AI Aware: A Pioneering Security Solution for AI and Large Language Models – PRWire

PRWire

Tenable Launches AI Aware: A Pioneering Security Solution for AI and Large Language Models Tenable®, a leader in exposure management,...

PRWire Press release Distribution Service.

Why Putin is Reluctant to Use Ukraine’s Kursk Offensive to Demand Greater Sacrifices from Russians

Discover how Putin's offensive in Ukraine could serve as a pretext for increased conscription efforts. Explore insights from The Converser on the political implications of this strategy.

Fujimori’s Death: The Ongoing Fight for Justice and the Unwavering Loyalty of His Supporters

"Explore the story of the former Peruvian strongman, sentenced to 25 years in prison for crimes committed during his presidency and later pardoned twice. Discover more from The Converser."

Turkey’s Unique Journey: Bridging East and West on a Bold New BRICS Path

Discover how NATO member Turkey's desire to join a 9-member alliance, serving as an alternative to the Western-led order, reflects Ankara's growing global ambitions. Source: The Converser.

“Beyond Frost: How the West is Thwarting Russia’s Arctic Ambitions in the Ukraine Conflict”

Discover how Western nations are effectively diminishing Russian military ambitions in the Arctic, as tensions rise in this strategic region. Read more insights from The Converser on the evolving geopolitical landscape.

“Amid Sudan’s Crisis: Uncovering the UAE’s Growing Gains and Global Interests”

Discover how the United Arab Emirates is becoming the most significant foreign player invested in Sudan's ongoing conflict, as reported by The Converser.