DeFi TVL breaks above $116B as lending roars back

Ethereum and Solana led all major chains in DeFi inflows, while stablecoin supply now exceeds TVL by more than twofold.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The DeFi landscape is experiencing a revival, with total value locked surging past $116 billion, levels unseen since April. Ethereum and Solana lead the charge, while AAVE cements its dominance with $25.871 billion locked across 18 chains. Meanwhile, protocols like Morpho are making waves with an impressive 25.35% monthly gain, thanks to its hybrid lending structure. But what surprising strategy is fueling Pendle’s 11.71% rise, setting it apart in a crowded field of yield strategies? Discover the intrigue behind Pendle's unique approach.