The DeFi industry saw a significant surge in growth in 2025, with the total value locked (TVL) in various DeFi protocols reaching new records. The rise of stablecoins was particularly notable, with their market capitalization growing exponentially throughout the year.
Decentralized lending protocols also experienced tremendous growth, with many becoming household names among crypto enthusiasts. These platforms offered users a range of innovative features and products that catered to their diverse needs and preferences.
The DeFi applications sector expanded its user base significantly in 2025. New decentralized finance (DeFi) applications emerged, catering to various use cases, from lending and borrowing to trading and yield farming. The industry's growth was fueled by the increasing popularity of DeFi protocols and the emergence of new innovative products.