🧐 Looking at this chart, I see a very clear shift in the structure of DeFi, not just which coin is big – but where the TVL stands and why it's there. In 2021, TVL (Treasury Value) spread widely: DEXs for trading, CDPs for borrowing – Mint stablecoins, yield aggregators for farming. In other words, TVL is tied to activity: users swap, farm, and rotate continuously, meaning the money remains within the protocol. By 2025, the story will be completely different. TVL will focus heavily on: - Lending Liquid Staking - reStaking TVL has shifted from "what it's used for" to "where it's placed for maximum efficiency". Just look at the top names and you'll see: > AAVE still ranks number 1 → lending is a natural TVL (Total Loan Value) machine, because mortgages piled upon mortgages, and the leverage loop cause TVL to inflate on its own. > @LidoFinance is climbing strongly → Staking ETH but maintaining liquidation, Capital sits idle while still generating profit. > reStaking (EigenLayer, EtherFi, Babylon…) goes even further: reuse Stake assets to earn additional returns, virtually eliminating the need to move Capital. 👉 TVL increases not necessarily because users are more active, but because Capital is being "layered" with yields more intelligently. (Source: @CryptoRank_io)