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Bitcoin had a standout week, climbing 10% in 7 days and momentarily surpassing $48K, the first time this price has been reached since the introduction of BTC ETFs in the U.S. Also on the rise, though? DeFi’s aggregate total value locked (TVL), which, if you include liquid staking projects, just breached the $100B mark for the first time in roughly two years.
This TVL resurgence can be attributed to a variety of factors, not least among them being EigenLayer’s tremendous recent growth, the blooming of liquid restaking projects, and attractive yield opportunities returning from overall increased activity onchain.
Total DeFi TVL (including liquid staking) crosses $100B for the first time in nearly 2 years pic.twitter.com/HL1sYkAf5y
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