DeFi just hit a current cycle all time high in TVL
Just overtook the levels we hit in December 2024, now at $137b TVL across all of DeFi.
Insane to think we are still lower than the $177b back in November 2021. That's despite:
- New all time highs on BTC, 2x higher than last cycle
- Stablecoin market cap being 50% higher than last cycle
- DeFi rehypotheciation from LSTs and LRTs
- New yield bearing protocols - @ethena_labs @pendle_fi + tons of new innovative DeFi
- Older DeFi protocols being more resistant and resilient standing the test of time - @aave @Uniswap
- The rise of Solana and Solana DeFi
Still another 30% to go to break last cycles high.
Interesting that $ETH is 30% away from it's own ATH too - there's a strong correlation here considering how many of the top DeFi protocols TVL is based on $ETH
Will we see it later this year? I'd like to this so
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