Following Bitcoin’s all-time high, DeFi TVL hits a record high above $233B

[RSRS]

Bullish sentiment is running high across the cryptocurrency market on Oct. 20 as Bitcoin’s (BTC) surge to a new all-time high at $67,000 thrust the digital asset into uncharted territory and investors are closely watching to see how altcoins and DeFi tokens react to the move.


Crypto Fear & Greed Index. Source: Alternative.me
The DeFi sector has also benefited from BTC's bullish breakout and today the total value locked (TVL) across all DeFi protocols climbed to a new record-high.

According to data from DeFi Llama, which collects data from DeFi protocols across all major blockchain networks, including Binance Smart Chain (BSC), Avalanche (AVAX) and wrapped Bitcoin (WBTC), there is now more than $233.88 billion in value locked in protocols across the various blockchain networks. Currently, AAVE leads with $18.79 billion and Curve come in second place with $17.97 billion locked in value.


Total value locked in DeFi. Source: DeFi Llama
As a result of the surging price of Bitcoin, WBTC is now ranked fourth-ranked in terms of TVL with $14.51 billion in value being deployed across the DeFi landscape.

The biggest gainers in TVL over the past seven days were Trader Joe with a 57.2% increase  and Rari Capital which saw a 50.57% surge. Yield Yak also gained 36.52%.

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