The DeFi space saw total value locked (TVL) soar to $94.1 billion, a 72.8% increase in the first half of the year. This growth spans nearly all sectors of the digital asset market, driven by institutional inflows following the approval of spot Bitcoin ETFs.
Decentralized finance volumes surged, with a market cap rallying to $2.27 trillion, a 37% YTD growth. Layer 2 chains experienced a 90% TVL growth, reaching $43 billion.
Institutional interest pushed Bitcoin’s price to an all-time high above $73,000, now trading at $67,235. This uptick underscores the strategic importance of institutional investment in sustaining market momentum.
