Lending Protocol TVL Hits All-Time High

Source
Son Min

Summary

  • It was announced that the TVL of lending protocols surpassed $56 billion, reaching a record high.
  • The reported TVL has increased more than fivefold compared to early 2023.
  • It was explained that the lending sector has the largest asset size among categories in decentralized finance (DeFi).

The total value locked (TVL) in lending protocols has reached an all-time high.

On the 18th (local time), Satoshi Club announced via X (formerly Twitter) that "the total TVL of lending protocols has exceeded $56 billion," adding, "this marks an all-time high."

The statement continued, "The TVL of the protocols has increased more than fivefold compared to early 2023," and "the lending sector is recording the largest asset size among categories in decentralized finance (DeFi)."

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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