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DeFi News

DeFi TVL tops $40 billion

DeFi TVL tops $40 billion

Total Value Locked (TVL) in the DeFi sector has risen above $40 billion for the first time since mid-December 2022.

DeFi stands for financial services without the involvement of banks or other central parties.

Within DeFi, blockchain technology is used for services such as borrowing, lending, trading, and earning yield. Smart contracts automatically execute financial processes.