Hundred-Billion Dollar DeFi Market, DEX and Lending Become Red Ocean

Unsurprisingly, the DeFi market's Total Value Locked (TVL) has broken through $100 billion, turning industry predictions from the end of last year into reality. DeBank data from April 29th shows that various DeFi applications across Ethereum, BSC, xDai, and Polygon chains have locked up crypto assets worth $103.86 billion. This website's statistics have not yet included the locked value on the Heco chain. If we add the $7.89 billion locked on that chain, the total DeFi TVL supported by mainstream chains has reached $111.75 billion.