DEFI SECTOR SURGES PAST $80 BILLION TVL MILESTONE

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26 Feb 2024
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DeFi has undergone a striking transformation, witnessing a notable surge in total value locked (TVL), surpassing $80 billion. This resurgence signifies a remarkable turnaround, particularly after the tumultuous downfall of Terra’s stablecoin in May 2022. With its decentralized nature and innovative financial products, the DeFi landscape has attracted widespread attention from investors and enthusiasts.
The increase in TVL underscores the resilience of DeFi protocols and the continued interest in decentralized financial solutions. Despite past challenges and uncertainties, the sector has demonstrated its ability to adapt and thrive. This recent milestone highlights the ongoing evolution and potential of DeFi to reshape traditional finance. As the industry continues to mature and innovate, it promises to provide accessible and inclusive financial services to a global audience.
Lido is a pioneering force with its liquid staking platform, spearheading a surge in the decentralized finance (DeFi) realm. With an impressive Total Value Locked (TVL) of $41 billion, Lido emerges as the protocol boasting the highest TVL within the DeFi landscape, reflecting its prominence and impact in the industry.

Revival after Terra’s stablecoin crisis: Impact on DeFi

It’s been about one year and nine months since the UST stablecoin by Terra had a major issue, causing Terra’s LUNA to drop from $80 per unit to less than a cent in the U.S. Just before this crash on May 1, 2022, records indicated a substantial Total Value Locked (TVL) of $196.6 billion in the decentralized finance space.
During this time, Terra made up $28.23 billion or 14.36% of the overall TVL, with $16.48 billion linked to Anchor. Unfortunately, due to the crash, the funds tied up in Anchor were at risk of being completely lost.


The collapse of Terra’s stablecoin had a profound impact on the decentralized finance sector. It led to substantial financial losses and the collapse of major firms and trading platforms within the industry. However, despite this setback, the DeFi ecosystem has displayed resilience and has begun to recover.
Total Value Locked (TVL) in DeFi has now exceeded $80.21 billion, indicating a significant rebound from the crisis. This recovery showcases the sector’s ability to adapt and bounce back from adversity. Despite the challenges posed by the collapse of Terra’s stablecoin, the decentralized finance industry has demonstrated its strength and potential for growth.

The flourishing growth of DeFi

Ethereum stands out as the leader, holding more than 60% of the sector’s total value locked (TVL). This means that out of all the money invested or stored in decentralized finance projects, Ethereum accounts for the majority. Currently, there’s a huge amount of approximately $46.967 billion spread across 979 different DeFi protocols that operate on the Ethereum network.
This immense sum of money demonstrates Ethereum’s strong position and influence in the DeFi space, showing that it’s the preferred choice for many users and projects. In simpler terms, Ethereum is like the main hub where most of the action in decentralized finance happens, with a massive amount of money involved in various projects and transactions.
Tron emerges as a significant player, ranking as the second-largest blockchain with a Total Value Locked (TVL) of $8.484 billion, accounting for 11.01% of the overall DeFi TVL. Alongside Tron, other prominent blockchains such as BNB, Arbitrum, Solana, and Bitcoin play crucial roles in shaping the diverse landscape of decentralized finance.
Each blockchain brings its unique strengths and capabilities to the DeFi ecosystem, contributing to its resilience and innovation. Tron’s substantial TVL underscores its influence and traction within the DeFi space, while the presence of other leading blockchains highlights the decentralized nature of the financial landscape.
In just 130 days, the decentralized finance sector has experienced a remarkable surge, witnessing a staggering increase of over $42 billion in locked value. This significant expansion signifies a revitalized momentum and renewed confidence among decentralized finance users and investors.
However, amidst this surge, uncertainties linger regarding its sustainability. Although the sector has returned from the crypto winter, it faces various challenges and risks. Therefore, market participants must exercise caution and diligence in navigating the dynamic landscape of decentralized finance.
This exponential growth underscores decentralized finance’s increasing relevance and potential in reshaping traditional financial systems. It highlights the evolving nature of the sector and its capacity to adapt to changing market dynamics while emphasizing the importance of prudent risk management strategies in maximizing opportunities and mitigating potential setbacks.

DeFi has undergone a striking transformation, witnessing a notable surge in total value locked (TVL), surpassing $80 billion. This resurgence signifies a remarkable turnaround, particularly after the tumultuous downfall of Terra’s stablecoin in May 2022. With its decentralized nature and innovative financial products, the DeFi landscape has attracted widespread attention from investors and enthusiasts.
The increase in TVL underscores the resilience of DeFi protocols and the continued interest in decentralized financial solutions. Despite past challenges and uncertainties, the sector has demonstrated its ability to adapt and thrive. This recent milestone highlights the ongoing evolution and potential of DeFi to reshape traditional finance. As the industry continues to mature and innovate, it promises to provide accessible and inclusive financial services to a global audience.
Lido is a pioneering force with its liquid staking platform, spearheading a surge in the decentralized finance (DeFi) realm. With an impressive Total Value Locked (TVL) of $41 billion, Lido emerges as the protocol boasting the highest TVL within the DeFi landscape, reflecting its prominence and impact in the industry.

Revival after Terra’s stablecoin crisis: Impact on DeFi

It’s been about one year and nine months since the UST stablecoin by Terra had a major issue, causing Terra’s LUNA to drop from $80 per unit to less than a cent in the U.S. Just before this crash on May 1, 2022, records indicated a substantial Total Value Locked (TVL) of $196.6 billion in the decentralized finance space.
During this time, Terra made up $28.23 billion or 14.36% of the overall TVL, with $16.48 billion linked to Anchor. Unfortunately, due to the crash, the funds tied up in Anchor were at risk of being completely lost.


The collapse of Terra’s stablecoin had a profound impact on the decentralized finance sector. It led to substantial financial losses and the collapse of major firms and trading platforms within the industry. However, despite this setback, the DeFi ecosystem has displayed resilience and has begun to recover.
Total Value Locked (TVL) in DeFi has now exceeded $80.21 billion, indicating a significant rebound from the crisis. This recovery showcases the sector’s ability to adapt and bounce back from adversity. Despite the challenges posed by the collapse of Terra’s stablecoin, the decentralized finance industry has demonstrated its strength and potential for growth.

The flourishing growth of DeFi

Ethereum stands out as the leader, holding more than 60% of the sector’s total value locked (TVL). This means that out of all the money invested or stored in decentralized finance projects, Ethereum accounts for the majority. Currently, there’s a huge amount of approximately $46.967 billion spread across 979 different DeFi protocols that operate on the Ethereum network.
This immense sum of money demonstrates Ethereum’s strong position and influence in the DeFi space, showing that it’s the preferred choice for many users and projects. In simpler terms, Ethereum is like the main hub where most of the action in decentralized finance happens, with a massive amount of money involved in various projects and transactions.
Tron emerges as a significant player, ranking as the second-largest blockchain with a Total Value Locked (TVL) of $8.484 billion, accounting for 11.01% of the overall DeFi TVL. Alongside Tron, other prominent blockchains such as BNB, Arbitrum, Solana, and Bitcoin play crucial roles in shaping the diverse landscape of decentralized finance.
Each blockchain brings its unique strengths and capabilities to the DeFi ecosystem, contributing to its resilience and innovation. Tron’s substantial TVL underscores its influence and traction within the DeFi space, while the presence of other leading blockchains highlights the decentralized nature of the financial landscape.
In just 130 days, the decentralized finance sector has experienced a remarkable surge, witnessing a staggering increase of over $42 billion in locked value. This significant expansion signifies a revitalized momentum and renewed confidence among decentralized finance users and investors.
However, amidst this surge, uncertainties linger regarding its sustainability. Although the sector has returned from the crypto winter, it faces various challenges and risks. Therefore, market participants must exercise caution and diligence in navigating the dynamic landscape of decentralized finance.
This exponential growth underscores decentralized finance’s increasing relevance and potential in reshaping traditional financial systems. It highlights the evolving nature of the sector and its capacity to adapt to changing market dynamics while emphasizing the importance of prudent risk management strategies in maximizing opportunities and mitigating potential setbacks.

DeFi has undergone a striking transformation, witnessing a notable surge in total value locked (TVL), surpassing $80 billion. This resurgence signifies a remarkable turnaround, particularly after the tumultuous downfall of Terra’s stablecoin in May 2022. With its decentralized nature and innovative financial products, the DeFi landscape has attracted widespread attention from investors and enthusiasts.
The increase in TVL underscores the resilience of DeFi protocols and the continued interest in decentralized financial solutions. Despite past challenges and uncertainties, the sector has demonstrated its ability to adapt and thrive. This recent milestone highlights the ongoing evolution and potential of DeFi to reshape traditional finance. As the industry continues to mature and innovate, it promises to provide accessible and inclusive financial services to a global audience.
Lido is a pioneering force with its liquid staking platform, spearheading a surge in the decentralized finance (DeFi) realm. With an impressive Total Value Locked (TVL) of $41 billion, Lido emerges as the protocol boasting the highest TVL within the DeFi landscape, reflecting its prominence and impact in the industry.

Revival after Terra’s stablecoin crisis: Impact on DeFi

It’s been about one year and nine months since the UST stablecoin by Terra had a major issue, causing Terra’s LUNA to drop from $80 per unit to less than a cent in the U.S. Just before this crash on May 1, 2022, records indicated a substantial Total Value Locked (TVL) of $196.6 billion in the decentralized finance space.
During this time, Terra made up $28.23 billion or 14.36% of the overall TVL, with $16.48 billion linked to Anchor. Unfortunately, due to the crash, the funds tied up in Anchor were at risk of being completely lost.


The collapse of Terra’s stablecoin had a profound impact on the decentralized finance sector. It led to substantial financial losses and the collapse of major firms and trading platforms within the industry. However, despite this setback, the DeFi ecosystem has displayed resilience and has begun to recover.
Total Value Locked (TVL) in DeFi has now exceeded $80.21 billion, indicating a significant rebound from the crisis. This recovery showcases the sector’s ability to adapt and bounce back from adversity. Despite the challenges posed by the collapse of Terra’s stablecoin, the decentralized finance industry has demonstrated its strength and potential for growth.

The flourishing growth of DeFi

Ethereum stands out as the leader, holding more than 60% of the sector’s total value locked (TVL). This means that out of all the money invested or stored in decentralized finance projects, Ethereum accounts for the majority. Currently, there’s a huge amount of approximately $46.967 billion spread across 979 different DeFi protocols that operate on the Ethereum network.
This immense sum of money demonstrates Ethereum’s strong position and influence in the DeFi space, showing that it’s the preferred choice for many users and projects. In simpler terms, Ethereum is like the main hub where most of the action in decentralized finance happens, with a massive amount of money involved in various projects and transactions.
Tron emerges as a significant player, ranking as the second-largest blockchain with a Total Value Locked (TVL) of $8.484 billion, accounting for 11.01% of the overall DeFi TVL. Alongside Tron, other prominent blockchains such as BNB, Arbitrum, Solana, and Bitcoin play crucial roles in shaping the diverse landscape of decentralized finance.
Each blockchain brings its unique strengths and capabilities to the DeFi ecosystem, contributing to its resilience and innovation. Tron’s substantial TVL underscores its influence and traction within the DeFi space, while the presence of other leading blockchains highlights the decentralized nature of the financial landscape.
In just 130 days, the decentralized finance sector has experienced a remarkable surge, witnessing a staggering increase of over $42 billion in locked value. This significant expansion signifies a revitalized momentum and renewed confidence among decentralized finance users and investors.
However, amidst this surge, uncertainties linger regarding its sustainability. Although the sector has returned from the crypto winter, it faces various challenges and risks. Therefore, market participants must exercise caution and diligence in navigating the dynamic landscape of decentralized finance.
This exponential growth underscores decentralized finance’s increasing relevance and potential in reshaping traditional financial systems. It highlights the evolving nature of the sector and its capacity to adapt to changing market dynamics while emphasizing the importance of prudent risk management strategies in maximizing opportunities and mitigating potential setbacks.

DeFi has undergone a striking transformation, witnessing a notable surge in total value locked (TVL), surpassing $80 billion. This resurgence signifies a remarkable turnaround, particularly after the tumultuous downfall of Terra’s stablecoin in May 2022. With its decentralized nature and innovative financial products, the DeFi landscape has attracted widespread attention from investors and enthusiasts.
The increase in TVL underscores the resilience of DeFi protocols and the continued interest in decentralized financial solutions. Despite past challenges and uncertainties, the sector has demonstrated its ability to adapt and thrive. This recent milestone highlights the ongoing evolution and potential of DeFi to reshape traditional finance. As the industry continues to mature and innovate, it promises to provide accessible and inclusive financial services to a global audience.
Lido is a pioneering force with its liquid staking platform, spearheading a surge in the decentralized finance (DeFi) realm. With an impressive Total Value Locked (TVL) of $41 billion, Lido emerges as the protocol boasting the highest TVL within the DeFi landscape, reflecting its prominence and impact in the industry.

Revival after Terra’s stablecoin crisis: Impact on DeFi

It’s been about one year and nine months since the UST stablecoin by Terra had a major issue, causing Terra’s LUNA to drop from $80 per unit to less than a cent in the U.S. Just before this crash on May 1, 2022, records indicated a substantial Total Value Locked (TVL) of $196.6 billion in the decentralized finance space.
During this time, Terra made up $28.23 billion or 14.36% of the overall TVL, with $16.48 billion linked to Anchor. Unfortunately, due to the crash, the funds tied up in Anchor were at risk of being completely lost.


The collapse of Terra’s stablecoin had a profound impact on the decentralized finance sector. It led to substantial financial losses and the collapse of major firms and trading platforms within the industry. However, despite this setback, the DeFi ecosystem has displayed resilience and has begun to recover.
Total Value Locked (TVL) in DeFi has now exceeded $80.21 billion, indicating a significant rebound from the crisis. This recovery showcases the sector’s ability to adapt and bounce back from adversity. Despite the challenges posed by the collapse of Terra’s stablecoin, the decentralized finance industry has demonstrated its strength and potential for growth.

The flourishing growth of DeFi

Ethereum stands out as the leader, holding more than 60% of the sector’s total value locked (TVL). This means that out of all the money invested or stored in decentralized finance projects, Ethereum accounts for the majority. Currently, there’s a huge amount of approximately $46.967 billion spread across 979 different DeFi protocols that operate on the Ethereum network.
This immense sum of money demonstrates Ethereum’s strong position and influence in the DeFi space, showing that it’s the preferred choice for many users and projects. In simpler terms, Ethereum is like the main hub where most of the action in decentralized finance happens, with a massive amount of money involved in various projects and transactions.
Tron emerges as a significant player, ranking as the second-largest blockchain with a Total Value Locked (TVL) of $8.484 billion, accounting for 11.01% of the overall DeFi TVL. Alongside Tron, other prominent blockchains such as BNB, Arbitrum, Solana, and Bitcoin play crucial roles in shaping the diverse landscape of decentralized finance.
Each blockchain brings its unique strengths and capabilities to the DeFi ecosystem, contributing to its resilience and innovation. Tron’s substantial TVL underscores its influence and traction within the DeFi space, while the presence of other leading blockchains highlights the decentralized nature of the financial landscape.
In just 130 days, the decentralized finance sector has experienced a remarkable surge, witnessing a staggering increase of over $42 billion in locked value. This significant expansion signifies a revitalized momentum and renewed confidence among decentralized finance users and investors.
However, amidst this surge, uncertainties linger regarding its sustainability. Although the sector has returned from the crypto winter, it faces various challenges and risks. Therefore, market participants must exercise caution and diligence in navigating the dynamic landscape of decentralized finance.
This exponential growth underscores decentralized finance’s increasing relevance and potential in reshaping traditional financial systems. It highlights the evolving nature of the sector and its capacity to adapt to changing market dynamics while emphasizing the importance of prudent risk management strategies in maximizing opportunities and mitigating potential setbacks.

DeFi has undergone a striking transformation, witnessing a notable surge in total value locked (TVL), surpassing $80 billion. This resurgence signifies a remarkable turnaround, particularly after the tumultuous downfall of Terra’s stablecoin in May 2022. With its decentralized nature and innovative financial products, the DeFi landscape has attracted widespread attention from investors and enthusiasts.
The increase in TVL underscores the resilience of DeFi protocols and the continued interest in decentralized financial solutions. Despite past challenges and uncertainties, the sector has demonstrated its ability to adapt and thrive. This recent milestone highlights the ongoing evolution and potential of DeFi to reshape traditional finance. As the industry continues to mature and innovate, it promises to provide accessible and inclusive financial services to a global audience.
Lido is a pioneering force with its liquid staking platform, spearheading a surge in the decentralized finance (DeFi) realm. With an impressive Total Value Locked (TVL) of $41 billion, Lido emerges as the protocol boasting the highest TVL within the DeFi landscape, reflecting its prominence and impact in the industry.

Revival after Terra’s stablecoin crisis: Impact on DeFi

It’s been about one year and nine months since the UST stablecoin by Terra had a major issue, causing Terra’s LUNA to drop from $80 per unit to less than a cent in the U.S. Just before this crash on May 1, 2022, records indicated a substantial Total Value Locked (TVL) of $196.6 billion in the decentralized finance space.
During this time, Terra made up $28.23 billion or 14.36% of the overall TVL, with $16.48 billion linked to Anchor. Unfortunately, due to the crash, the funds tied up in Anchor were at risk of being completely lost.


The collapse of Terra’s stablecoin had a profound impact on the decentralized finance sector. It led to substantial financial losses and the collapse of major firms and trading platforms within the industry. However, despite this setback, the DeFi ecosystem has displayed resilience and has begun to recover.
Total Value Locked (TVL) in DeFi has now exceeded $80.21 billion, indicating a significant rebound from the crisis. This recovery showcases the sector’s ability to adapt and bounce back from adversity. Despite the challenges posed by the collapse of Terra’s stablecoin, the decentralized finance industry has demonstrated its strength and potential for growth.

The flourishing growth of DeFi

Ethereum stands out as the leader, holding more than 60% of the sector’s total value locked (TVL). This means that out of all the money invested or stored in decentralized finance projects, Ethereum accounts for the majority. Currently, there’s a huge amount of approximately $46.967 billion spread across 979 different DeFi protocols that operate on the Ethereum network.
This immense sum of money demonstrates Ethereum’s strong position and influence in the DeFi space, showing that it’s the preferred choice for many users and projects. In simpler terms, Ethereum is like the main hub where most of the action in decentralized finance happens, with a massive amount of money involved in various projects and transactions.
Tron emerges as a significant player, ranking as the second-largest blockchain with a Total Value Locked (TVL) of $8.484 billion, accounting for 11.01% of the overall DeFi TVL. Alongside Tron, other prominent blockchains such as BNB, Arbitrum, Solana, and Bitcoin play crucial roles in shaping the diverse landscape of decentralized finance.
Each blockchain brings its unique strengths and capabilities to the DeFi ecosystem, contributing to its resilience and innovation. Tron’s substantial TVL underscores its influence and traction within the DeFi space, while the presence of other leading blockchains highlights the decentralized nature of the financial landscape.
In just 130 days, the decentralized finance sector has experienced a remarkable surge, witnessing a staggering increase of over $42 billion in locked value. This significant expansion signifies a revitalized momentum and renewed confidence among decentralized finance users and investors.
However, amidst this surge, uncertainties linger regarding its sustainability. Although the sector has returned from the crypto winter, it faces various challenges and risks. Therefore, market participants must exercise caution and diligence in navigating the dynamic landscape of decentralized finance.
This exponential growth underscores decentralized finance’s increasing relevance and potential in reshaping traditional financial systems. It highlights the evolving nature of the sector and its capacity to adapt to changing market dynamics while emphasizing the importance of prudent risk management strategies in maximizing opportunities and mitigating potential setbacks.

DeFi has undergone a striking transformation, witnessing a notable surge in total value locked (TVL), surpassing $80 billion. This resurgence signifies a remarkable turnaround, particularly after the tumultuous downfall of Terra’s stablecoin in May 2022. With its decentralized nature and innovative financial products, the DeFi landscape has attracted widespread attention from investors and enthusiasts.
The increase in TVL underscores the resilience of DeFi protocols and the continued interest in decentralized financial solutions. Despite past challenges and uncertainties, the sector has demonstrated its ability to adapt and thrive. This recent milestone highlights the ongoing evolution and potential of DeFi to reshape traditional finance. As the industry continues to mature and innovate, it promises to provide accessible and inclusive financial services to a global audience.
Lido is a pioneering force with its liquid staking platform, spearheading a surge in the decentralized finance (DeFi) realm. With an impressive Total Value Locked (TVL) of $41 billion, Lido emerges as the protocol boasting the highest TVL within the DeFi landscape, reflecting its prominence and impact in the industry.

Revival after Terra’s stablecoin crisis: Impact on DeFi

It’s been about one year and nine months since the UST stablecoin by Terra had a major issue, causing Terra’s LUNA to drop from $80 per unit to less than a cent in the U.S. Just before this crash on May 1, 2022, records indicated a substantial Total Value Locked (TVL) of $196.6 billion in the decentralized finance space.
During this time, Terra made up $28.23 billion or 14.36% of the overall TVL, with $16.48 billion linked to Anchor. Unfortunately, due to the crash, the funds tied up in Anchor were at risk of being completely lost.


The collapse of Terra’s stablecoin had a profound impact on the decentralized finance sector. It led to substantial financial losses and the collapse of major firms and trading platforms within the industry. However, despite this setback, the DeFi ecosystem has displayed resilience and has begun to recover.
Total Value Locked (TVL) in DeFi has now exceeded $80.21 billion, indicating a significant rebound from the crisis. This recovery showcases the sector’s ability to adapt and bounce back from adversity. Despite the challenges posed by the collapse of Terra’s stablecoin, the decentralized finance industry has demonstrated its strength and potential for growth.

The flourishing growth of DeFi

Ethereum stands out as the leader, holding more than 60% of the sector’s total value locked (TVL). This means that out of all the money invested or stored in decentralized finance projects, Ethereum accounts for the majority. Currently, there’s a huge amount of approximately $46.967 billion spread across 979 different DeFi protocols that operate on the Ethereum network.
This immense sum of money demonstrates Ethereum’s strong position and influence in the DeFi space, showing that it’s the preferred choice for many users and projects. In simpler terms, Ethereum is like the main hub where most of the action in decentralized finance happens, with a massive amount of money involved in various projects and transactions.
Tron emerges as a significant player, ranking as the second-largest blockchain with a Total Value Locked (TVL) of $8.484 billion, accounting for 11.01% of the overall DeFi TVL. Alongside Tron, other prominent blockchains such as BNB, Arbitrum, Solana, and Bitcoin play crucial roles in shaping the diverse landscape of decentralized finance.
Each blockchain brings its unique strengths and capabilities to the DeFi ecosystem, contributing to its resilience and innovation. Tron’s substantial TVL underscores its influence and traction within the DeFi space, while the presence of other leading blockchains highlights the decentralized nature of the financial landscape.
In just 130 days, the decentralized finance sector has experienced a remarkable surge, witnessing a staggering increase of over $42 billion in locked value. This significant expansion signifies a revitalized momentum and renewed confidence among decentralized finance users and investors.
However, amidst this surge, uncertainties linger regarding its sustainability. Although the sector has returned from the crypto winter, it faces various challenges and risks. Therefore, market participants must exercise caution and diligence in navigating the dynamic landscape of decentralized finance.
This exponential growth underscores decentralized finance’s increasing relevance and potential in reshaping traditional financial systems. It highlights the evolving nature of the sector and its capacity to adapt to changing market dynamics while emphasizing the importance of prudent risk management strategies in maximizing opportunities and mitigating potential setbacks.

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