The total value locked across decentralized finance protocols has surpassed $150 billion, according to data aggregators, marking a significant recovery from lows seen earlier in the cycle.
Lending platforms and liquid staking protocols accounted for much of the growth, as users sought yield opportunities amid a broader market upswing. Several protocols also reported record-high revenue from transaction fees.
The resurgence comes as new regulatory clarity in key markets has encouraged institutional players to explore on-chain yield strategies that were previously considered too risky.
Analysts believe that if current trends continue, DeFi could approach its previous all-time highs in total value locked within the next few quarters, provided market conditions remain favorable.