Ethereum

Defi

Bitcoin

Block

when

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%. 
<figure class="wp-block-image size-large is-resized">
 <img loading="lazy" decoding="async" width="1024" height="597" src="https://crypto.news/app/uploads/2024/03/total-value-locked-by-category-1024x597.png" alt="Defi TVL surpasses $100b for 1st time since May 2022 - 20" class="wp-image-14255863" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 All-time TVL by category from The Block
 </figcaption>
</figure> 
The previous instance when defi TVL exceeded $100 billion was on May 11, 2022, with a TVL of $112.67 billion, as reported by <a href="https://defillama.com/" data-type="link" data-id="https://defillama.com/" target="_blank" rel="noopener">DefiLlama</a>. 
Concurrently, over 31.5 million Ether, valued at approximately $115 billion and constituting 26% of the total Ether supply, has been <a href="https://crypto.news/ethereum-achieves-staking-milestone-with-25-of-circulating-supply-now-staked/" data-type="link" data-id="https://crypto.news/ethereum-achieves-staking-milestone-with-25-of-circulating-supply-now-staked/">staked</a> on the <a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/">Ethereum</a> blockchain. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="260" src="https://crypto.news/app/uploads/2024/03/Screenshot_5-3-2024_16738_defillama.com_-1024x260.jpeg" alt="Defi TVL surpasses $100b for 1st time since May 2022 - 21" class="wp-image-14255852">
 <figcaption class="wp-element-caption">
 1-year Defi TVL chart from DeFiLlama
 </figcaption>
</figure> 
 Read more: <a href="https://crypto.news/bitcoin-liquidate-69000-2024/"> Bitcoin traders liquidate $142m an hour after hitting $69k </a>

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

crypto.news

Other articles published on Mar 6, 2024

XRP Price Prediction: Dips Turn Attractive In Near Term As Bulls Lose Control

Fetch.AI (FET) Price Gains Another 15% Following This Big News

The Second Edition of ETH Belgrade Emerges This June

Expert Insights on AI-Generated Homes in Top UK Cities

Scorpion Casino Secures $120K in a Day During the Ongoing Bull-Run, BONK & FLOKI Also Display Ris...

Osprey Bitcoin Trust aims to merge, may be sold to existing Bitcoin ETF

Join our free newsletter for daily crypto updates!