
Ethereum TVL Nears 2021 Peak as DeFi Inflows Push Capital Higher
Ethereum’s decentralized finance scene felt a little like deja vu this week as the network’s total value locked (TVL) crept back toward the heady days of late 2021. On August 14, DeFiLlama’s running tally briefly pushed Ethereum’s TVL past the $95 billion mark, peaking at roughly $97.5 billion before easing off. It is a reminder of how much capital is sitting inside smart contracts again and how quickly it can move. That headline number matters because it’s a visible signal: more money is being put to work across lending markets, liquid-staking products and the growing constellation of Layer-2 protocols that…




