The total value locked (TVL) in decentralized finance (DeFi) protocols stands at 137 billion USD, reflecting a 57% increase from its April low. This growth indicates a strong rebound in investor confidence as both retail and institutional players explore DeFi amid a broader crypto market rally.
Ethereum continues to dominate the DeFi sector, accounting for about 60% of the total value locked, equivalent to roughly 80 billion USD. Notable contributions also come from Solana, Tron, Binance Smart Chain, and Bitcoin, which added between 5 to 9 billion USD each.
Analysts highlight several bullish signs, including an expanding stablecoin market and robust performance from Bitcoin. Despite the recovery, DeFi’s TVL remains 30% below its all-time high indicating potential for further growth in this evolving sector.
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