The total USD value locked (TVL) can go up and down with markets, even in the absence of a change in the number of tokens locked. In the past week, the TVL dropped from the ATH of $9.6 billion on Sep 2 to $6.11 billion on Sep 10 before climbing back to $7.82 billion.
According to DeFi tracking platform DefiPulse, the amount of locked BTC increased from 67,038 BTC ($694 million) on Sep 2 to the current all-time high of 87,752 BTC ($904 million), representing an increase of 30.9%. That’s an increase equivalent to 20 times the BTC locked in the Lightning Network.
More than 50% (51,295 BTC) of the locked BTC sits on Ethereum in WBTC, which accounted for 63% of the BTC growth since Sep 2, locking an