Ethereum

DeFi

Billion

Rise

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/defi-total-value-locked-surpasses-100-billion-milestone-2/" data-wpel-link="internal">DeFi Total Value Locked Surpasses $100 Billion Milestone</a><br></p>
<p style="text-align: justify">The total value locked (TVL) in decentralized finance <strong>(<a href="https://coin-turk.com/kripto-analisti-poppe-yazi-bu-altcoinler-ucabilir-doge-ve-xrp-hedeflerini-de-acikladi" data-wpel-link="internal">DeFi</a>)</strong> protocols has surpassed $100 billion for the first time in nearly two years, reaching $101.36 billion on March 5. This milestone underscores a significant growth phase in the <a href="https://en.coin-turk.com/crypto-experts-critical-warning-the-next-wave-will-grant-opportunities-in-this-area/" data-wpel-link="internal">DeFi</a> ecosystem, indicating increased activities and investor participation in the sector.</p> 
<h2 id="defi-tvl-exceeds-100-billion">DeFi TVL Exceeds $100 Billion</h2> 
<p style="text-align: justify">According to The Block’s data dashboard, on May 11, 2022, the value locked in DeFi exceeded $100 billion, reaching approximately $112.67 billion. This marks the last time TVL exceeded $100 billion. The distribution of TVL across different DeFi categories also showcases the sector’s diversity. Lending platforms, with $32.62 billion or 32.2% of the total TVL, underline their significant role in the DeFi space.</p> 
<p style="text-align: justify">Decentralized exchanges <strong>(<a href="https://coin-turk.com/rekor-kirdi-memecoin-atesi-on-binlerce-yatirimciyi-bu-altcoin-projesine-itti" data-wpel-link="internal">DEX</a>)</strong> account for $19.97 billion or 19.7%, followed by collateralized debt positions with $12.22 billion or 12%, and buyback activities holding $10.06 billion or 9.9%. The disclosed figures represent the diverse areas of interest and applications in the DeFi ecosystem, from transactions to lending, and the innovative ways users maximize their cryptocurrency holdings.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-323688 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/btc.jpg" alt="" width="773" height="535"></p> 
<h2 id="eth-staking-on-the-rise">ETH Staking on the Rise</h2> 
<p style="text-align: justify">Furthermore, <a href="https://en.coin-turk.com/vitalik-buterins-nft-heading-to-auction-at-record-price/" data-wpel-link="internal">Ethereum</a>‘s staking successes have reached a new peak. With over 31.5 million Ethereum staked on the Ethereum blockchain, valued at approximately $115 billion and constituting 26% of the total Ethereum supply, it has reached a new high. This significant level of staking activity underscores the importance of the Ethereum network for the DeFi sector and may indicate strengthened confidence in its long-term prospects.</p> 
<p style="text-align: justify">The last occurrence of DeFi TVL crossing the $100 billion threshold was recorded on May 11, 2022, at the level of $112.67 billion. The current recovery and expansion of TVL in DeFi could reflect a renewed excitement in the market, influenced by both the recovery in cryptocurrency values and the emergence of new DeFi categories that continue to attract investment and interest.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/defi-total-value-locked-surpasses-100-billion-milestone-2/" data-wpel-link="internal">DeFi Total Value Locked Surpasses $100 Billion Milestone</a></h5>

DeFi Total Value Locked Surpasses $100 Billion Milestone

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