EconomyDid crypto’s $20 billion DeFi surge come from price inflation?
DeFi TVL rose 21.38% on Ethereum and 22.94% on Solana over 30 days through Sept. 15, while stablecoin market caps grew only 0.68% and 5.51%. ETH and SOL prices climbed 32.80% and 34.67%, respectively, making asset repricing the strongest explanation for the TVL rebound; the shares from fresh deposits and capital reuse remain unproven.
Did crypto’s $20 billion DeFi surge come from price inflation?
Economy