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Home»DeFi»Defi TVL surpasses $100b for 1st time since May 2022
DeFi

Defi TVL surpasses $100b for 1st time since May 2022

2024-03-06Updated:2024-03-06No Comments1 Min Read
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For the primary time in almost two years, the whole worth locked in defi protocols surpassed $100 billion, reaching $101.3 billion.

Lending represented $32.6 billion, or 32.2% of the whole, with decentralized exchanges at $19.97 billion or 19.7%, collateralized debt positions at $12.22 billion, 12%, and restaking actions at $10.06 billion, 9.9%.

Defi TVL surpasses $100b for 1st time since May 2022 - 1

All-time TVL by class from The Block

The earlier occasion when defi TVL exceeded $100 billion was on Might 11, 2022, with a TVL of $112.67 billion, as reported by DefiLlama.

Concurrently, over 31.5 million Ether, valued at roughly $115 billion and constituting 26% of the whole Ether provide, has been staked on the Ethereum blockchain.

1-year Defi TVL chart from DeFiLlama

Learn extra: Bitcoin merchants liquidate $142m an hour after hitting $69k

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See also  New Generation Of DeFi Applications Launches On XRP Ledger As The Network Prepares For A Major Upgrade
100B 1st DeFi Surpasses Time TVL
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