How does a 936% growth sound?
![LOL LOL](https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe4708941-0195-4de8-b68f-a9726a0cd6e4_400x256.jpeg)
Growth in? The total value locked in DeFi has surged 936% over the past 12 months. DappRadar currently reports a total value locked of $114.8 billion, which is an increase of 936% since the same time last year. The report added that the industry’s total value locked (TVL) grew 75% between July 23 and Sept. 5, reaching a peak of $195 billion across all chains. The report noted that NFTs saw record volumes in August, with a total of $5.2 billion worth traded. Ethereum is also the dominant network in the NFT scene with 90% of all the volume on its blockchain.