Decentralized finance (DeFi) total value locked (TVL) reached $165 billion on April 13, 2025, up 3% from the prior week, driven by cross-chain bridges like Wormhole, which processed $1 billion in transfers. The SEC’s April 11 Crypto Task Force roundtable hinted at regulatory support, but critics on social platforms question if this could expose DeFi to centralized oversight risks, reflecting a cautious optimism.
