The total value locked in DeFi protocols has breached $110 billion — but it’s still short of the $189 billion all-time high recorded in November 2021.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
The DeFi ecosystem continues to see bullish price action as its total value locked (TVL) breached $100 billion for the first time in over two years, MakerDAO is gearing up for its stablecoin “Endgame” scalability transformation, Ethena becomes the highest-earning decentralized app (DApp), and DeFi platform Unizen will reimburse its users after suffering a multimillion-dollar hack.
In other news, BNB Chain has announced its new rollup-as-a-service solution for layer-2 networks.
