According to a post on the X platform by Matrixport, the total value locked (TVL) in Decentralized Finance (DeFi) recently escalated to a staggering $108 billion. This marks the highest level since the Luna/Terra crash back in May 2021.
Despite DeFi's slow performance in this bull market, it has sprung back after a brief period of consolidation. A major contributor to this resurgence has been the anticipation that Ethereum spot ETFs may not offer staking income, which led to a $17 billion increase in the related TVL in the past week alone.