Decentralized finance (DeFi) total value locked (TVL) reached $160 billion on April 13, 2025, up 3% from April 12, driven by new protocols like Morpho Labs’ lending platform, which saw $500 million in deposits. The SEC’s April 11 Crypto Task Force roundtable hinted at a lighter regulatory touch, boosting optimism, though skeptics on social platforms warn of potential over-leverage risks in this growth spurt.
