DeFi Markets Back at $1 Billion in Total Value Lockup

9 June 2020, 11:04 GMT+0000
Updated by Ryan Smith
9 June 2020, 11:04 GMT+0000
In Brief
  • DeFi markets are back above $1 billion TVL.
  • The Ethereum price surge was instrumental in the DeFi recovery.
  • ETH lockup represents 2.43% of the total supply.
  • promo

Decentralized financial markets (DeFi) have made a remarkable recovery since the mid-March COVID-19 crash. So much so, that the total locked value has again surpassed $1 billion.
The DeFi ecosystem took a big hit three months ago when the Ethereum price crashed by 50%, wiping out a considerable amount of locked-up crypto collateral. The all-time high for locked-up value in DeFi markets stood at $1.25 billion in mid-February 2020. However, the amount of collateral in dollar terms plunged by some 58% from over a billion dollars to just above $500 million the following month. Since then, the emerging market has made a solid recovery, and total value lockup (TVL) has topped the $1 billion milestone again, according to DeFi Pulse. eToro’s Mati Greenspan was quick to acknowledge the achievement with the following tweet:
“Value in #DeFi smart contracts has returned to $1 billion.”
DeFi TVL (USD) | Source:
Ethereum provides the foundation for this new financial landscape, and its price recovery has been instrumental in the resurgence of DeFi. Since the mid-March collapse, ETH prices have regained 133%. The world’s second-largest blockchain also recently recorded an impressive $500,000+ in single-day network fees, overtaking Bitcoin. In terms of Ethereum lockup, there is currently 2.7 million ETH locked as collateral in DeFi – representing 2.43% of the entire supply of Ether. DeFi provides a great way for investors to long ETH, in addition to taking out collateralized crypto loans.


All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.