The total value locked (TVL) in decentralised finance (defi) surpassed $200 billion on October 5, 2021. The TVL in defi surpassed the handle for the first time on Tuesday, and the price has remained above $200 million for the last seven days. Curve, the defi protocol, has the most market capitalization at $15.94 billion, up more than 7% in the last week.