The decentralized finance (DeFi) sector has achieved a significant milestone with the total value locked (TVL) surpassing $100 billion for the first time since May 2022. This surge is attributed to various factors including the growth in assets deposited in EigenLayer, which soared from $1.1 billion to $10 billion, bolstered by 2.93 million ETH through liquid restaking protocols and price appreciation. EigenLayer has now become the second largest project in DeFi by TVL, overtaking Aave with $10.4 billion locked in. The DeFi sector's growth is further evidenced by the liquid restaking TVL's expansion from $300 million to $5.5 billion within the year. The breakdown of the TVL includes contributions from lending ($32.62 billion), decentralized exchanges ($19.97 billion), collateralized debt positions ($12.22 billion), and restaking activities ($10.06 billion). Additionally, Ethereum Layer 2 networks have seen a record increase in daily fees, hitting a new peak of $59 million in the first two months of 2024 alone, indicating a strong demand for block space.
Over $36 billion locked in Ethereum layer 2's. Accelerate. https://t.co/ifLeH3Y2lT
📈Don't get lost in the charts.📉 Tokenization is making progress by leaps and bounds. 📸 Here's a snapshot of the #RWA landscape. 1️⃣ DeFi's TVL Breakout 📈 As @TheBlock__ pointed out DeFi's total value locked surpassed $100 billion for the first time in nearly two years… https://t.co/MMKHjxv84L
📈 #Ethereum Layer 2 networks are smashing records! Daily fees (7-day avg) just hit a new peak with $59M in the first two months of 2024 alone! 💸 🔎 L2s are contributing $42M to the #ETH Mainchain. That's not just hot air - it's solid demand for blockspace, soaring beyond… https://t.co/0R2QjzFeuZ
DEFI TVL SURPASSES $100 BILLION AFTER NEARLY TWO YEARS Lending contributed $32.62B, decentralized exchanges $19.97B, collateralized debt positions $12.22B, and restaking activities $10.06B. The last time DeFi TVL exceeded $100B was on May 11, 2022. Source: The Block https://t.co/3qTFJqPvmv
UPDATE: #ETHEREUM RESTAKING PROTOCOL, @EIGENLAYER SURPASSES @AAVE IN TVL, WITH $10.4B LOCKED IN
DeFi protocols' total value locked surpassed $100 billion on March 5, a peak last seen in May 2022 https://t.co/4eWrPEFfT8
DeFi TVL breaks $100 billion for first time since May 2022 https://t.co/1tPVNrRTxe
.@eigenlayer is now the second-largest project in DeFi with over $11.2 billion in TVL https://t.co/vbBHhOWFxS
Now $93 million in TVL! $100 million loading... 🟩🟩🟩🟩🟩🟩🟩🟩🟩⬜️ https://t.co/ZIMO5lOvWn
Now $92 million in TVL! $100 million loading... 🟩🟩🟩🟩🟩🟩🟩🟩🟩⬜️ https://t.co/5e2s7wq1bM
The emergence of a new DeFi category. Liquid Restaking TVL has grown from $300M to $5.5B this year. https://t.co/9chkoaC3R6
EigenLayer is now the second largest project in DeFi by TVL, you can't unsee this. Liquid staking and restaking are now leading side by side, incredible! https://t.co/lTWo53WdjH
EIGENLAYER DEPOSITS SURGE TO $10 BILLION Assets deposited in EigenLayer have soared from $1.1 billion to $10 billion, with 2.93 million ETH. Ether deposits via liquid restaking protocols and price appreciation contributed to the surge. Source: The Block https://t.co/9l43fz5ubb