As of July 17, 2023, the decentralized finance (defi) sector has been witnessing a great deal of consolidation with total value locked (TVL) figures standing at $44.19 billion. Throughout most of the year in 2023, except for a brief period of seven days in April, the TVL in defi has consistently remained below the $50 billion range. Value Locked in Defi in 2023 Remains Above $40B but Stagnates Below $50B Throughout the first half of 2023, the decentralized finance (defi) landscape has exhibited a lackluster performance, with the value locked in the sector remaining relatively stagnant. Specifically, on Monday, July 17, 2023, the total value locked (TVL) stands at $44.19 billion, according to defillama.com metrics . Within this sum, Lido Finance commands a significant portion, securing $14.78 billion, which accounts for 33.45% of the aggregate TVL. Following Lido, prominent players in the defi realm include Aave ($5.88B), Makerdao ($5.47B), Uniswap ($3.78B), and Justlend ($3.69B)
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