Liquid Staking Drives DeFi TVL to Highest Level Since April 2022
1 min read
The decentralized finance (DeFi) sector’s total value locked (TVL) has surged to its highest levels since 2021, driven by liquid staking, lending and yield protocols. DeFi TVL surpassed $215 billion, up 53% in the past month and 119% since December, according to data from DeFiLlama. This level is the highest since April 2022. This recent spike in TVL, which follows months of stagnation, signals users are coming back to DeFi to put their crypto to work as they seek to leverage the current bull market. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Source: The Defiant
