2-year high: Nearly $200 billion cryptocurrencies invested in DeFi
The Decentralized Finance (DeFi) sector has witnessed a significant influx of capital, with numerous cryptocurrencies experiencing price increases as investors lock up value in various Web3 protocols. According to a report by blockchain analytics firm DappRadar, the total value locked (TVL) in DeFi applications soared to $192 billion in May, marking the highest level since February 2022.
