Total value locked in Ethereum rises 230% to $100 billion
Ethereum (ETH) has achieved 80% total locked value (TVL) dominance in decentralized finance (DeFi) applications. It is likely that due to this, the native blockchain token is targeting the $3,000 target zone, which threatens a short squeeze.
Over the past 24 hours, the total value locked at the first level of Ethereum has increased by 231% to $100.31 billion. Taking into account this growth, the same figure over the past seven and 30 days has increased by 255% and 283%, respectively.
The total value is locked in the five largest DeFi networks. Source: DefiLlama
Ethereum's total locked value is distributed across 1,004 DeFi protocols.
