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

For the first time in nearly two years, the total value locked in defi protocols surpassed $100 billion, reaching $101.3 billion. Lending represented $32.6 billion, or 32.2% of the total, with decentralized exchanges at $19.97 billion or 19.7%, collateralized debt positions at $12.22 billion, 12%, and restaking activities at $10.06 billion, 9.9%. The previous instance when defi TVL exceeded $100 billion was on May 11, 2022, with a TVL of $112.67 billion, as reported by DefiLlama. Concurrently, over 31.5 million Ether, valued at approximately $115 billion and constituting 26% of the total Ether supply, has been staked on the Ethereum blockchain. Source : crypto.news by Bralon Hill / Mar 5, 2024