In 2025, Total Value Locked (TVL) in DeFi has surged past $123.6 billion—up 41% year-over-year—with growth extending well beyond just blue-chip protocols. Ethereum still holds about 63% of that value, but Layer‑2 networks like Arbitrum and Optimism are surging, while Solana DeFi now commands over $8.6 billion in TVL. This heat is creating fresh investor entry points and adding early‑stage protocols into the spotlight. Amid this dynamic climate, Mutuum Finance (MUTM)
