DeFi TVL Shatters Records at $544B as Tether and Circle Spearhead Monumental Rally
Decentralized finance just rewrote the rulebook—total value locked catapults past half-trillion mark.
Stablecoin Titans Lead The Charge
Tether’s USDT and Circle’s USDC aren’t just participating—they’re dragging the entire ecosystem upward. These digital dollar proxies now form the bedrock of DeFi’s liquidity, proving that sometimes the ‘stable’ part of stablecoin does anything but play it safe.
The $544B Milestone: What’s Really Happening?
Capital floods into lending protocols, DEXs, and yield farms as institutional players finally stop pretending they’re ‘just researching’. Liquidity mining rewards get a second look—turns out, double-digit APY beats whatever your traditional savings account calls an ‘interest rate’. Even the crypto-skeptics can’t look away now.
Wall Street’s still trying to figure out how to short innovation while DeFi casually stacks another billion. Maybe they’ll catch up by the next cycle—or just buy the top again.

The decentralized finance (DeFi) market is observing renewed momentum, with the total value locked (TVL) has ascended to $543.96 billion, marking a 2.7% increase over the previous 30 days. This sudden increase shows a growing hunger for liquidity and trust in stablecoins, lending protocols, and staking platforms, although not all major players have experienced growth.
Top 5 companies & DAOs based on TVL:
1. @Tether_to $175.7B
2. @circle $73.1B
3. @aave $67.7B
4. @LidoFinance $38.4B
5. @eigenlayer $19.8B pic.twitter.com/wjuyduJPaf
According to the recent details, Tether ($USDT) resists the undoubted market leader, increasing $175.7 billion in TVL, up 3.9% in the last month. Next one is Circle, issuer of USD Coin ($USDC), which has boosted to $73.1 billion, showing a majestic 9.9% growth. Together, these two stablecoin giants account for about half of the DeFi market’s locked value, emphasizing the major role of stable assets in the ecosystem.
$AAVE Holds Strong at $67.7B as Lido and EigenLayer See Steeper TVL Drops
Aave ($AAVE), one of the largest lending protocols, holds $67.7 billion, undergoes a modest sink of 1.5%. At the time, Lido Finance ($LDO), the leading liquid platform, had struggled with sharp declines, with TVL dropping 9.6% to $38.4 billion.
Both these stablecoins, have a difference of holding $29.3 billion, which is a huge difference of holding assets. Furthermore, EigenLayer, the restaking protocol that has captivated considerable attention this year, saw its TVL drop by 12.1% to $19.8 billion.
TVL Fluctuations Mark DeFi’s Evolving Role in Liquidity and Yield Generation
The assorted performance indicates a moving landscape within DeFi, but stablecoins and lending remain strong, and staking-related platforms are seeing withdrawals amid market unpredictability. With TVL advancing to the $550 billion milestone, DeFi resumes to empower its foothold in the wider crypto economy, placing itself as a foundation for liquidity, yield generation, and decentralized financial services.
The whole report of past 30 days shows fluctuations in the price-values of these stablecoins. In this list, only, Tether and Circle show positive response to increase, while other three, AAVE ($AAVE) Lido Finance ($LDO), and EigenLayer ($EIGEN) shows decline in which $EIGEN leads with 12.1% from other stablecoins.