Breaking down the $138 mln DeFi revival that no one saw coming

Key Points

1. DeFi's TVL reached $138 billion, a 57% increase since April, marking the highest level since May 2022.

2. Ethereum leads the DeFi revival, with $270 billion in TVL, $137 billion in stablecoins, and $120 billion staked.

3. Key sectors driving growth include lending (Aave with $50 billion in deposits), liquid staking (Lido DAO with $32 billion), and restaking (EigenLayer with $17 billion).

4. Tokenized real-world assets (RWAs) on Ethereum have grown nearly 20x since January 2024, attracting institutional interest.

5. Despite the growth, DeFi's TVL remains 30% below its peak from nearly four years ago.