DeFi TVL nears 2021 highs on liquid restaking, Bitcoin L2s
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 09 2024Total Value Locked in DeFi: The total value locked (TVL) in the decentralized finance ecosystem has surged to over $134 billion, nearing 2021 highs, primarily due to the adoption of liquid restaking tokens and rising cryptocurrency prices amid a bull market.
Growth of Liquid Restaking Tokens: EigenLayer, the leading restaking protocol, has attracted more than $17 billion in TVL since its launch, while Bitcoin-native layer 2 networks are also gaining traction with over $2.5 billion in TVL from liquid staking tokens.
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.
