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23 April 2021

After breaking $100 billion TVL, DeFi is now the equivalent of a top 40 U.S. bank

After breaking $100 billion TVL, DeFi is now the equivalent of a top 40 U.S. bank


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According to decentralized finance (DeFi) ecosystem tracker DeFiLlama, early this morning the DeFi ecosystem breached $100 billion in total value locked for the first time — rising 7% from $94.7 billion yesterday to $101.33 billion at the time of publication.

Per Wikipedia, at $100 billion TVL DeFi is now the equivalent of the 40th largest American bank, sitting between Silicon Valley Bank’s $97 billion in assets and BBVA USA’s $103 billion.

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