The decentralized finance (DeFi) landscape has been consistently growing since late 2023, after a fall that started in May 2022.
In particular, the total value locked (TVL) in DeFi surged nearly 100% in the past four months. On February 17, TVL reached a 2-year high of $71.914 billion. This is close to a double-up from the local bottom at $36.122 billion on October 12, 2023.
Total Value Locked (TVL) in Decentralized Finance (DeFi). Source: DefiLlama
Part of this growth directly results from a price pump in USD of each locked cryptocurrency inside the protocols. However, another relevant aspect was an increased adoption and organic amount of the funds locked, measured in cryptocurrencies.
Competitive DeFi ecosystem and TVL distribution
Notably, Solana (SOL), Cardano (ADA), Avalanche (AVAX), and many other layer-1 blockchains have consistently grown their DeFi ecosystem. New protocols, decentralized apps, tokens, solutions, and services contributed to this growth, according to data from
We współpracy z: https://finbold.com/funds-locked-in-defi-surged-100-in-4-months-reaching-2-year-high/
