DeFi is back. Total value locked (TVL) just reclaimed its 2022 highs of $138B. Ethereum is leading the charge. TVL on ETH: $80B TVL on Solana: $9B TVL on Bitcoin: $7B 2/ ETH’s rise is triggering what analysts call the largest short squeeze in crypto history. Billions in shorts have already been liquidated. 3/ Ethereum now holds over 60% of all DeFi assets. • Loans on ETH: $22.#ETHBreakout3.5k #BinanceHODLerC 6B–$24B • Collateral locked: $35B • Corporate treasury inflows (BitMine, Sharplink) • $5M ETH buy by Trump’s Liberty fund