DeFi TVL Tops $100B as ETH and BTC Aim For New All-time Highs

Retail investors shift to DeFi protocols as demand for Bitcoin reaches a new high.

Robots racing in the digital Defi TVL land.
Created by Kornelija Poderskytė from DailyCoin
  • After two years, the total value locked in DeFi protocols reached a major milestone. 
  • Many factors have played into the industry’s recent success. 
  • As demand for Bitcoin reaches unprecedented levels, the DeFi sector could see more growth. 

The crypto market is buzzing with excitement as Bitcoin and Ethereum mark new all-time highs in the past week. With demand for the tokens reaching unprecedented levels, the industry’s DeFi sector also significantly surged over the weekend, reeling in billions and reaching a crucial milestone after two years.

Retail Investors Pump Total DeFi TVL

Market participants are already looking for other opportunities, and what better sector than the DeFi sector? Over the past week, after the crypto market’s historic rally,  the global total value locked in DeFi protocols topped $100 billion for the first time since losing the level in 2022. 

While these figures still fall short of the sector’s $189 billion record set in November 2021, its recent growth charts a promising trajectory for the industry as the crypto market signals the onset of a bull run.


Liquid staking protocol Lido led the pack with its $39 billion TVL, followed by staking ecosystem EigenLayer and the Aave protocol, each with over $11 billion. The increase in the TVL points to the sentiment flipping surrounding the crypto markets following the approval of Bitcoin ETFs in January and BTC topping $70,000.

Rumors of OTC trading platforms running out of Bitcoin have also played a pivotal role in the DeFi industry’s recent success. Additionally, with several centralized crypto exchanges, including Binance, Coinbase, Kraken, and Bybit, experiencing outages after Bitcoin crossed $60,000, retail investors are shifting to decentralized exchanges for their trading and investing needs.

On the Flipside

  • Bitcoin ETFs have surpassed Silver ETFs in terms of assets under management. 
  • Talks between the SEC, Coinbase, and Grayscale suggest that ETH ETFs could hit the market this year. If approved, these investment vehicles could trigger another rally. 

Why This Matters

DeFi is an important part of the crypto industry, providing an additional utility layer to cryptocurrencies. Achieving a $100 billion TVL signifies a major milestone for the industry and showcases growing trust and adoption. It could also instill confidence in sidelined market participants to enter and capitalize on new opportunities.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Insha Zia

Insha Zia is a senior journalist at DailyCoin covering crypto developments, especially in the Cardano ecosystem. With a Bachelor of Science in Computer Systems Engineering, he delivers high-quality articles with his technical background and expertise in data analysis and programming languages, aiming to educate and inform readers accurately, transparently, and engagingly. Insha believes education can drive mass adoption of the crypto space, and he is committed to giving DailyCoin readers a better understanding of the technology.