DeFi Total Value Locked Reaches $237 Billion in 2025
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 29 2025- Total Value Locked Recovery: By Q3 2025, DeFi's total value locked (TVL) surged from approximately $115 billion in July to $161 billion, marking a 40.2% quarterly increase that indicates a strong capital return and signifies a robust recovery in the DeFi market.
- Stablecoin Market Expansion: In Q3 2025, the total market cap of stablecoins grew by about 18% to $287.6 billion, which not only provided liquidity support for DeFi but also enhanced the activity in lending and liquidity pools, making DeFi more practical for users.
- Institutional Investment Resurgence: Improved regulation of stablecoins and maturation of digital asset infrastructure led to renewed institutional inflows into blockchain products, pushing both DeFi and the overall crypto market upward, highlighting the importance of institutional participation for market stability.
- Significant User Engagement Increase: In 2025, the number of unique users engaging with DeFi protocols reached 151 million, representing a nearly 200% year-over-year increase, indicating that DeFi attracted not only capital but also a substantial user base, which is crucial for the long-term health of the ecosystem.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
