Total TVL of DeFi Protocols Reaches $52 Billion, the Highest Since November 2022
Data reveals that the Total Value Locked (TVL) in DeFi protocols has reached a yearly high of $52 billion, rebounding to levels seen before the November 2022 FTX crisis, marking a 36% growth in USD terms since the beginning of 2023. The real-world assets (RWA) niche market within DeFi experienced significant growth in 2023, particularly with MakerDAO, which integrated nearly $2.5 billion worth of RWA collateral, primarily consisting of U.S. Treasury securities, to support its Dai stablecoin. With the increase in annualized revenue, MakerDAO's TVL has surged to over $8 billion.
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