[Taklimakan Blog] DeFi Blocked Assets Grow 2000%. Breaking Records Again!

The total value of assets blocked in the DeFi segment again hit a record high after a nearly 2000% year-on-year gain.

Massive interest in the decentralized finance (DeFi) industry persists despite the recent 6-week correction hitting nearly all tokens in this segment. This week, the total dollar value of all DeFi-locked assets (TVLs) hit all-time highs again.

According to DeFi Pulse, TVL rose to an all-time high of $12.3 billion, an increase of nearly 2,000% over the past 12 months.

“More than alive”

According to some market participants, the aggressive increase in dollar volumes of blocked assets in the segment of assets, observed in recent days, could be associated with the positive dynamics of prices for Ethereum. It is common knowledge that most DeFi protocols and pools are based on ETH.