DeFi TVL surpassed $100B, rebounding strongly after a sharp April decline.
Aave and Lido dominate TVL, while Spark and Babylon posted notable gains.
Ethereum leads DeFi chains, but Solana, Binance Smart Chain, Bitcoin, and Tron are growing.
A new spark has ignited the DeFi world, sending excitement through the crypto community. Total Value Locked (TVL) in decentralized finance has cracked the $100 billion ceiling for the first time in a month. Numbers don’t lie, and today's figures bring a story of resilience and rising confidence. The climb feels like watching a slingshot pull back, only to unleash explosive energy across DeFi's vast landscape. Let’s dive into what’s driving this powerful surge.
https://twitter.com/cointelegraph/status/1916435924553994524 Aave Leads the Charge as TVL Rebounds
According to data from DeFiLlama, DeFi TVL currently stands at a strong $100.607 billion. This is the highest point since March 27, 2025, nearly 30 days ago. Between then and now, TVL stumbled, hitting a low of $84.87 billion on April 9. Like a champion rebounding from a fall, DeFi has stormed back with remarkable vigor. Among the top six protocols, Aave emerged as the clear winner. While others struggled to stay afloat, Aave posted significant gains. Currently, Aave commands $19.75 billion in TVL, representing an impressive 19.63% of DeFi’s total.
Lido, the liquid staking titan, trails with $17.033 billion, holding 16.93% of the total locked value. Together, Aave — AAVE, and Lido account for an enormous 36.56% of the entire DeFi ecosystem. Their stronghold mirrors two great rivers converging, feeding the larger DeFi ocean. Meanwhile, newer players like Spark and Babylon showed signs of life. Spark surged by an astonishing 96.92% since March 27, breathing fresh energy into the scene. Babylon, though more modest, still grew by 1.85% during the same period.
Ethereum Remains King, but Other Chains Gain Ground
Ethereum still wears the crown, hosting $51.384 billion of the total locked value. This accounts for a commanding 51.24% share. Solana, growing like a stubborn weed in a dense garden, now holds 8.06%, or $8.046 billion. Binance Smart Chain captures 5.86% with $5.88 billion, while Bitcoin DeFi, a rising contender, holds 5.65%, translating to $5.656 billion. Tron, never one to be left behind, secures 5.12%, totaling $5.13 billion.
Together, these five networks control 75.93% of the cumulative DeFi TVL. Their dominance paints a vivid picture of a marketplace ruled by a handful of powerful kingdoms. Behind the numbers, a deeper story unfolds. Liquid staking and lending protocols have anchored much of DeFi’s revival. They offer stability in a sector once notorious for its turbulence. Investors seem eager to diversify across multiple blockchains.
Despite the roaring growth in locked value, public curiosity about DeFi has surprisingly cooled. According to Google Trends, searches for ‘DeFi’ hover at a modest score of 63 out of 100. Regions like Mauritius, Burkina Faso, St. Helena, Haiti, and France show the most interest. Meanwhile, the search term ‘Aave’ has risen sharply, tethering itself to DeFi's broader narrative.
