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

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%.

All-time TVL by category from The Block

The previous instance when defi TVL exceeded $100 billion was on May 11, 2022, with a TVL of $112.67 billion, as reported by DefiLlama.

Concurrently, over 31.5 million Ether, valued at approximately $115 billion and constituting 26% of the total Ether supply, has been staked on the Ethereum blockchain.

1-year Defi TVL chart from DeFiLlama

Read more: Bitcoin traders liquidate $142m an hour after hitting $69k

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