DeFi lending and total value locked is recovering, but many related tokens are still at bear market lows.
Decentralized finance (DeFi) may be experiencing a revival, with key metrics such as active loans and total value locked on the rise since their more recent lows in 2023.
Crypto market analytics platform Token Terminal proclaimed that “DeFi is waking up again” in a July 31 post on X.
It backed up this claim with some charts and statistics, one of which was for active loans, which have returned to levels not seen since early 2022, at around $13.3 billion.
