The decentralized finance (DeFi) ecosystem is witnessing a robust resurgence, with the total value locked (TVL) catapulting to a staggering $60 billion for the first time in 18 months.

This milestone underscores the rising interest in the DeFi sector, with protocols like Lido Finance and restaking narrative leading this shift.

DeFi TVL Surges 68% in 4 Months

The DeFi ecosystem’s total value locked jumped 68%, from $36 billion in October 2023 to $60.55 billion. This rise is mainly due to the crypto market rally and sector innovations, especially in liquid staking and restaking.

Lido Finance, leading in liquid staking, now has a 37% market share. Its TVL stands at $22.65 billion, with a 4.50% growth in the last seven days. The protocol is close to a major milestone of 10 million staked ETH, representing 72.13% of all liquid-staked Ethereum.

It is worth noting that the DeFi sector’s total liquid-staked Ethereum also rose, reaching 13.20 million ETH, worth $31.17 billion.

Read more: 11 Best DeFi Platforms To Earn With Lido’s Staked ETH (stETH)

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Author: Harsh Notariya

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