---
title: "Defi TVL surpasses $100b for 1st time since May 2022"
url: https://diffcoin.com/defi-tvl-surpasses-100b-for-1st-time-since-may-2022/
description: "For the first time in nearly two years, the total value locked in defi protocols surpassed $100 billion, reaching $101.3 billion."
published: 2024-03-05
updated: 2024-03-05
author: "Mila"
site: "Diffcoin"
---

# Defi TVL surpasses $100b for 1st time since May 2022

For the first time in nearly two years, the total value locked in defi protocols surpassed $100 billion, reaching $101.3 billion.

Lending represented $32.6 billion, or 32.2% of the total, with decentralized exchanges at $19.97 billion or 19.7%, collateralized debt positions at $12.22 billion, 12%, and restaking activities at $10.06 billion, 9.9%.

![Defi TVL surpasses $100b for 1st time since May 2022 - 1](https://crypto.news/app/uploads/2024/03/total-value-locked-by-category-1024x597.png)

All-time TVL by category from The Block

The previous instance when defi TVL exceeded $100 billion was on May 11, 2022, with a TVL of $112.67 billion, as reported by DefiLlama.

Concurrently, over 31.5 million Ether, valued at approximately $115 billion and constituting 26% of the total Ether supply, has been staked on the Ethereum blockchain.

![Defi TVL surpasses $100b for 1st time since May 2022 - 2](https://crypto.news/app/uploads/2024/03/Screenshot_5-3-2024_16738_defillama.com_-1024x260.jpeg)

1-year Defi TVL chart from DeFiLlama

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