DeFi Sector TVL Hits 3-Year High of $153B as Investors Rush to Farm Yields

Description

The decentralized finance (DeFi) market ballooned to a three-year high of $153 billion on Monday, spurred by ETH's ascent toward $4,000 and significant inflows into restaking protocols. DefiLlama data shows that the uptick in inflows and asset prices over the past week lifted the sector above its December 2024 high to its highest point since May 2022, at the time of $60 billion collapse of Do Kwon's Terra network . ETH has risen 60% from $2,423 to $3,887 over the pat 30 days following a wave of ...