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Total Value Locked in DeFi Hits $78B in August

Published 08/09/2021, 07:15 AM
Updated 08/09/2021, 07:30 AM
Total Value Locked in DeFi Hits $78B in August

  • Based on Defi Pulse statistics, the DeFi’s TVL has raised to $78 billion in August.
  • Aave goes first in the list with the most locked value of $14.5 billion.

According to DeFi Pulse chart, thetotal value locked (TVL) in all decentralized finance (DeFi) has gone up to 78 billion USD. To put it simply, TVL represents the number of assets that are currently being staked in a specific protocol.

Moreover, this value is not meant to represent the number of outstanding loans. Instead, it represents the total amount of underlying supply that is being secured by a specific application by DeFi completely.

Total Value Loc...

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