- DeFi TVL hits $133 billion, the closest to the 2021 highs.
- Ethereum leads with 58%, and Bitcoin Layer-2 networks gain traction.
The Total Value Locked (TVL) in decentralized finance (DeFi) has seen remarkable growth throughout 2024, particularly in the final quarter. On the 5th of December, the TVL spiked to approximately $133 billion.
This was its highest level since the sharp decline in 2022.
Although it has slightly dropped to $127.7 billion as of this writing, the metric still signals a significant recovery. However, it remains far from the all-time high of $171 billion in 2021.
Liquid staking and lending platforms lead DeFi TVL’s growth
A detailed analysis of DeFi protocols on DefiLlama showed that platforms specializing in liquid staking and lending have been pivotal to the surge in TVL.
Lido [LDO ($0.88)], a liquid staking platform, currently leads t...
24h Most Popular
Utilities