The long-awaited all-time high for Ethereum (ETH) might be just around the corner, with the notable interest in decentralized finance (DeFi).
The DeFi total value locked surpassed the $150 billion mark, gaining 84% over the past four months, for the first time since April 2021, according to data from DefiLlama. The crypto community has been hinting at a DeFi summer on X after the TVL reached this key milestone.
AAVE, the leading lending protocol, also saw a 2.6% rise in its TVL, reaching an ATH of $38.5 billion. Lido, the top liquid staking platform, is following closely with a TVL of $37.7 billion.
Positive Sentiments
The inflows into the DeFi sector show a steady rise in interest from both investors and short-term traders looking for liquidity. The strong institutional demand has also brought positive sentiment to the crypto industry.
Spot Bitcoin (BTC) exchange-traded funds in the US brought just over $6 billion in net inflows last month. ETH-based ETFs followed with $5
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