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Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse – Defi Bitcoin News

Summary by Ground News
Crypto prices have surged in value over the past few days, and the total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since the collapse of FTX. As of Feb. 16, 2023, the TVL in defi is $51.1 billion, with the liquid staking protocol Lido accounting for 17.18% of the total. The entire cryptocurrency market has risen more than 5% against the U.S. dollar.
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Bitcoin.com broke the news in on Thursday, February 16, 2023.
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