As the sector continues to attract more capital, the total value locked (TVL) across all Decentralized finance (DeFi) systems has increased dramatically in 2021. According to data from analytics platform DeFi Llama, the total value locked in the DeFi sector as of December 29 was $247.48 billion, up 1,222 percent from the January 1 number of $18.71 billion, or at least 13 times.