@joycecoffey
Crypto market shows bubble risks in 2025: Total cap surges to $3.5T+ post-U.S. elections, up 150% YoY, driven by ETF inflows and BTC at $100K+. TVL at $160B (Ethereum $95.5B) lags, signaling speculative froth over utility.
High cap/TVL ratio (>20x) echoes 2021 peak ($179B TVL), vulnerable to rate hikes or regulation.
Yet, maturing DeFi (Lido $32B) suggests partial sustainability.
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