DeFi TVL surpasses $100 billion for the first time since May 2022.

The total value locked (TVL) in decentralized finance (DeFi) protocols has surpassed $100 billion for the first time in nearly two years.

The last time DeFi’s TVL exceeded $100 billion was on May 11, 2022, according to The Block’s data dashboard. On this day, DeFi TVL was $112.67 billion.

Rebecca said, “The recent rebound in crypto asset prices has helped TVL grow in USD terms, but we are seeing more interest in DeFi through new categories such as RWAs, which are gaining significant traction and locking up funds across DeFi protocols. We’re ramping up the volume,” Rebecca said. Stevens, senior research analyst at The Block.

In the meantime Ethereum ETH

-4.67%
It also hit a notable high. More than 31.5 million ETH worth approximately $115 billion, or 26% of the total Ether supply, are staked on the Ethereum blockchain. The Block previously reported.

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