3-Year Record: The Decentralized Finance (DeFi) Sector in Full Boom

The decentralized finance (DeFi) sector is experiencing a boom, driven by the enthusiasm of cryptocurrency markets. The total value locked in contracts has indeed seen a net increase.

According to data shared by the aggregator DefiLlama, the decentralized finance sector now exceeds 141 billion in total value locked (TVL). This corresponds to the levels of May 2022, three years ago.

After May 2022, the collapse of the Terra platform, along with the subsequent drop in prices, had seriously slowed down the DeFi sector. However, in recent weeks, we have seen a return to genuine enthusiasm.