Today in Markets

The Return of DeFi

BTC's up big, but the resurgence of DeFi's TVL is also a must-watch development right now.
David C David C Feb 10, 20241 min read
market analysis The Return of DeFi

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. 

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David C

Written by David C

123 Articles View all      

David is a writer/analyst at Bankless. Prior to joining Bankless, he worked for a series of early-stage crypto startups and on grants from the Ethereum, Solana, and Urbit Foundations. He graduated from Skidmore College in New York. He currently lives in the Midwest and enjoys NFTs, but no longer participates in them.

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