Bitcoin Surge Propels DeFi TVL Past $100 Billion Milestone
The decentralized finance (DeFi) sector has surpassed a significant milestone, with the total value locked (TVL) in DeFi protocols exceeding $100 billion.
DeFi, or decentralized finance, is one of the biggest things in the blockchain and cryptocurrency industry right now, and it does pretty much what its name suggests. That is, it uses blockchains, smart contracts and/or cryptoassets to deliver financial services to customers, be these loans, payments, remittances, derivatives, or investments.