Total Value Locked in DeFi Projects Crosses $20 Billion Benchmark Jan 6 2021 · 14:55 UTC by Benjamin Godfrey · 3 min read Photo: Depositphotos You have successfully joined our subscriber list. However, the total number of Ethereum locked up in DeFi plunged from 9.4 million ETH in mid-late October to the current 6.8 million ETH locked up at the time of writing. The Total Value Locked (TVL) in all of the Decentralized Finance (DeFi) applications have crossed the $20 billion benchmark according to data from analytics firm DeFi Pulse. Per the data, the TVL locked in terms of United States Dollar is $20.57 billion with Ethereum-based lending protocol Maker, the issuer of the DAI stablecoin taking the lead position with a total of $4.12 billion locked.