‘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.


More from this stream


Cori Korn Joins Schmidt Associates as New Business Development Representative

Indianapolis – Schmidt Associates, a leading Midwest architectural and engineering firm, is thrilled to announce the addition of Cori Korn, CFRM to the position of business development...

‘Container throughput rises in March’

The Northwest Seaport Alliance’s (NWSA) has reported that container volumes reached 261,495 TEU in March, marking an 8.5 per cent growth over the same month in 2023. Year-to-date (YTD) volume...

Get Discounts on Sustainable Tech and Home Products with Earth Day Deals 2024

Avocado is currently offering significant savings on its range of organic, vegan, and eco-friendly mattresses. Customers can save as much as $1,650 on the Green and Luxury mattresses. In addition to...

Powerful Image Editing Tool for Professionals and Hobbyists

GIMP.org, the official website of GNU Image Manipulation Program (GIMP), continues to be one of the go-to resources for image editing enthusiasts worldwide. With its robust feature set and...

New Space Combat Standards Set by Star Wars Outlaws

Massive Entertainment’s latest venture into the Star Wars universe, Star Wars Outlaws, promises an exhilarating space combat experience that’s both accessible and action-packed. Julian Gerighty, the......

Delivering Dynamic News and Entertainment to the Audience

NDR, short for Norddeutscher Rundfunk, is a prominent public broadcasting organization based in Northern Germany. As part of their commitment to providing reliable news and engaging content to their...