# The DeFi Revolution Hiding in Plain Sight

Source: https://blog.reserve.org/the-defi-revolution-hiding-in-plain-sight-8157b9514d7a
Kiwi News: https://news.kiwistand.com/stories/The-DeFi-Revolution-Hiding-in-Plain-Sight?index=0x667340b29ea20ad51b82341bca1b303eab9d0ec5e8fa9af59b2c8e11c65aaeaed1c56f03
Submitted by starl3xx.eth on 2024-06-19 UTC, 5 upvotes, 0 comments

## Summary

The article argues that DeFi is undergoing a revolution in global finance that receives less attention than its numbers warrant. It cites total value locked of about $160 billion, 70% of the late 2021 high of $229 billion and over triple the late 2022 low of $51 billion. It also says Ethereum layer 2 TVL reached a record $45 billion after the March Dencun upgrade cut gas fees by 90%, and that stablecoin market cap recovered to $168 billion. The author expects growth from dollar stablecoins, tokenized real-world assets, restaking and layer 2 expansion.