According to Defillama data, the total value locked (TVL) in decentralized finance (Defi) protocols has risen to the highest point since May 2022.
This marks an important turning point for the sector, as a result of a growing trust from investors, increasing acceptance and a renewed appetite for financial services on chains. It also indicates a large bullish cycle for the market.
Defi TVL has jumped 57% since April low to $ 137 billion
From the time of the press, the Defillama data shows that Defi protocols have locked more than $ 138 billion in total value (TVL). This represents an increase of 57% compared to the low point of $ 87 billion April.
This sharp turnout reflects a broader shift in sentiment, since both retail users and institutional players again visit Defi in the midst of a broader crypto -market trally.
The data from Defillama show that Ethereum continues to dominate the Defi -Ecosystem. It is good for around 60% of the total value, or around $ 80 billion.
Other leading networks, including Solana, Tron, Binance Smart Chain and Bitcoin, each wear between $ 5 billion and $ 9 billion.
In the meantime, three important sectors – loans, liquid use and repeat – stimulate the current increase in industry. This is clear in the growth of Defi protocols such as Aave, Lido and Eigenlaer.
For context, Aave recently surpassed $ 50 billion in cumulative deposits, which strengthened its position as a core infrastructure layer in Defi.
Top 5 Defi protocols through TVL. Source: Defillama
At the same time, Lido, the best liquid insert platform, maintains a significant part of the use of Ethereum, while self -layer has received a grip in the emerging repairing market. Combined, these platforms account for nearly $ 50 billion in locked assets.
“Capital flows to a structured yield and Trandfi players such as Fintechs are starting to pay attention to Defi again. This is a very different defi than what we saw in 2021,” said Defi analyst Defi Kenshi.
Despite the substantial growth of these protocols, Defi TVL is still 30% below the all times of $ 177 billion from November 2021.
Crypto analyst Wajahat Mugha pointed out that the current market shows different bullish indicators who can help to surpass the previous peak.
These include a stronger Bitcoin performance, a 50% larger Stablecoin market and the accession of innovative protocols such as Ethena Labs. He also emphasized the sustainability of older platforms such as Aave and the rapid rise of Solana Defi.
‘[There is] Another 30% to break the last cycles. Interesting that ETH is also 30% away from its own ATH – there is a strong correlation here, considering how many of the top Defi protocols TVL is based on ETH, “he added.
