As of July 2025, the total value locked (TVL) in the DeFi market exceeded $150 billion for the first time, an 84% increase and the highest since 2022. Ethereum continues to hold a commanding lead. It represents over 60% of total TVL. Meanwhile, Layer 1 blockchains such as Solana, Avalanche, and Sui show strong growth and attract interest from users and developers.
Among major DeFi protocols, platforms like Aave, Lido, and EigenLayer have performed exceptionally well. Aave’s TVL has reached a record $3.85 billion. Lido, the leading liquid staking protocol, has a TVL near $3.77 billion.
In 2025, the DeFi market shows several key trends:
As Layer 2 solutions and cross-chain technologies advance, the DeFi market continues to expand. These innovations improve user experience and sustain high levels of market activity.
In 2025, the DeFi market showed dynamic growth. Ongoing technological progress and rising user demand keep DeFi as a cornerstone of the financial sector. Investors should monitor market developments and select DeFi protocols carefully.