DeFi Total Value Locked Surpasses $150 Billion for First Time
The total value locked (TVL) in decentralized finance (DeFi) has surpassed $150 billion, marking an 84% increase over the past four months. This is the highest level since April 2021, indicating a potential "DeFi summer." Key developments include:
- AAVE’s TVL reached an all-time high of $38.5 billion.
- Lido's TVL stands at $37.7 billion.
- Spot Bitcoin exchange-traded funds (ETFs) saw net inflows of over $6 billion last month.
- Ethereum-based ETFs followed with $5.4 billion in inflows.
Ethereum recently hit $4,332, its highest price since November 2021, and its market cap surpassed $500 billion. The global crypto market cap also reached an all-time high of $4.04 trillion due to renewed interest in altcoins. Despite positive sentiment driven by institutional demand and liquidity growth, caution is advised due to expected volatility.