‘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.