Summary
TLDR: The DeFi ecosystem has hit $100 billion in total value locked, showcasing growing investor confidence. Ethereum dominates with a 59% market share, while Lido leads as the largest DeFi protocol. EigenLayer is a rising challenger with a unique restaking approach, boosting smaller blockchains’ security.
Key Points
1. The DeFi ecosystem has reached a milestone of $100 billion in total value locked (TVL) for the first time since May 2022, reflecting growing investor confidence in decentralized financial platforms.
2. Ethereum leads the DeFi space with a 59% market share and a combined TVL of $56.3 billion, fueled by its status as the premier smart contract platform and a surge in ETH’s price.
3. Lido, an Ethereum-based staking protocol, holds the largest market dominance in DeFi with approximately $39 billion TVL and is on the verge of surpassing 10 million staked ETH.