According to the DeFi Pulse chart, the total value locked (TVL) in all decentralized finance (DeFi) has risen to $ 78 billion. Simply put, TVL represents the number of assets that are currently embedded in a particular protocol.
This value does not represent the number of outstanding loans, but the total amount of the underlying offer, which is fully secured by a specific DeFi application.
Aave tops the list with the highest locked value of $ 14.5 billion, followed by Compound ($ 9.98 billion) and Curve Finance ($ 9.70 billion). Meanwhile, B.Protocol and dForce have gained about 21% in the last 24 hours. Pickle Finance, on the other hand, lost -26.58%.
TVL has become the most common metric used to measure the growth of the DeFi sector on Ethereum.
The Defi sector has been on the rise this year, reaching $ 50 billion in May, up more than 50% in three months. It should be noted that the last historical maximum of around $ 90 billion was reached during the first week in May 2021.
