Home DeFi TVL Hits $100 bn Amid A Bitcoin-Fueled Surge

DeFi TVL Hits $100 bn Amid A Bitcoin-Fueled Surge

Share
Share

DeFi TVL Hits $100 bn Amid A Bitcoin-Fueled Surge

The surge in demand for Bitcoin has significantly impacted the cryptocurrency industry, particularly in decentralized finance (DeFi) protocols.

DeFi protocols have surpassed $100 billion in total value locked, with Lido, EigenLayer, and Aave protocol securing over $11 billion in locked capital.

This surge is largely due to the positive sentiment in the crypto markets, driven by the introduction of spot Bitcoin ETFs. Assets in Bitcoin ETFs surged to $28 billion on March 8, excluding assets from Grayscale’s Bitcoin Trust, which transitioned to an ETF in January.

Rapid price fluctuations in Bitcoin have compelled algorithmic trading firms to increase order placements and cancellations.

The cumulative market capitalization of memecoins currently stands at $61 billion, with Dogecoin and SHIB emerging as top 1 tokens by market cap.

(With inputs from Shikha Singh)

Share

Latest News

Polymarket Targets $20B Valuation With Reported $1B Fundraising Plans
News

Polymarket Targets $20B Valuation With Reported $1B Fundraising Plans

As it apparently looks into a new $1 billion investment round, Polymarket aims for a $20 billion valuation. According to Bloomberg, the...

Bybit Wins Austria EMI License, Expands Regulated Crypto & Payment Services Across Europe
News

Bybit Wins Austria EMI License, Expands Regulated Crypto & Payment Services Across Europe

The Financial Market Authority (FMA) of Austria has granted Bybit Payments GmbH an Electronic Money Institution (EMI) license. Bybit can now provide...

Wells Fargo To Launch 24/7 Tokenized Deposits
News

Wells Fargo To Launch 24/7 Tokenized Deposits

Wells Fargo, a major player on Wall Street, has revealed plans to use tokenized deposits, which would allow money to be settled...

BitGo Switches WBTC Cross-chain Infrastructure To Chainlink
News

BitGo Switches WBTC Cross-chain Infrastructure To Chainlink

Crypto infrastructure firm BitGo (BTGO) is set to replace LayerZero with Chainlink as the exclusive cross-chain provider for wrapped bitcoin (WBTC). The...

Related Articles

Best AI Crypto Projects Of 2026

The Artificial Intelligence (AI) sector is attracting very significant venture capital investments...

This Is How Indians Can Invest In Global Assets In 2026

Introduction Can Indians invest in global assets, too? The answer is yes....

Click, Tokenize, Own: How RWA Tokenization Is Rewriting Financial Markets

A Quiet Revolution In Ownership Each generation tends to think it is...

Must-watch AI Tokens In 2026

Don’t you think Artificial Intelligence (AI) has become one of the biggest...