The total value locked (TVL) in the decentralized finance (DeFi) sector surged last month, according to the crypto intelligence platform DappRadar.
TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem.
DappRadar notes in a new monthly analysis that the DeFi sector’s combined TVL grew to $159 billion in February, a 45% increase from the previous month. It also represents the highest level of TVL recorded by the sector since May 2022.
Source: DappRadar
DappRadar believes the crypto sector is only in the “nascent stages” of its current bull run.
“Traditional indicators of a market peak, such as the Coinbase app topping the charts on Apple’s AppStore, high-profile crypto advertisements during the Super Bowl, or widespread retail fear of missing out (FOMO), have yet to manifest.
Despite these speculative aspects, the core technology and solutions provided by DeFi are truly promi
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