The value locked in DeFi has exceeded $ 100 billion!

According to DeFiLlama, which tracks the decentralized finance ecosystem, the value locked in the DeFi ecosystem exceeded $ 100 billion for the first time on Tuesday. This number increased by 7 percent compared to Monday, when $ 94.7 billion was locked, and reached $ 101.33 billion as of the time of translation broadcast.

The fact that the value locked in the ecosystem has reached 9-digit levels is noteworthy with its psychological importance as well as its growth rate (the value locked in the DeFi ecosystem was $ 20.74 billion on January 1).

According to Wikipedia, the ecosystem with locked value of $ 100 billion surpasses Silicon Valley Bank, which is the 40th largest bank in the US in terms of total assets. Silicon Valley Bank’s managed assets are valued at $ 97 billion, while the total assets of BBVA USA, ranked 39th, total $ 103 billion. DeFi is expected to surpass Deutsche Bank, which ranked 38th with $ 119 billion in assets under management, and Credit Suisse, which ranked 35th with $ 124 billion, in the coming months.

For the DeFi ecosystem to be equivalent to JPMorgan, the largest bank in the US, the value of locked-in assets must exceed $ 3.2 trillion. China Industrial and Commercial Bank, the world’s largest bank in this regard, manages 4.3 trillion dollars.

Ethereum protocols are the biggest contributor to the increase in DeFi’s total assets. The 20 largest protocols in terms of locked value manage $ 82.33 billion, and 14 of the protocols managing $ 66.42 billion are located on the Ethereum blockchain.

Ethereum’s competitor, Binance Smart Chain, hosts four protocols out of the top 20 with a locked value of $ 14.53 billion.

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