Did crypto’s $20 Billion DeFi surge just get stolen by price inflation?

The central question behind DeFi's latest rebound is whether protocols gained fresh deployable liquidity or simply more valuable collateral.A Sept. 15 capture of DeFiLlama's chain data showed Ethereum's dollar-denominated DeFi total value locked up 21.38% over 30 days and Solana's up 22.94%. Stablecoin growth trailed far behind. Ethereum's stablecoin market cap increased 0.68%, Solana's stablecoin market cap rose 5.51%, and the aggregate across chains gained 1.59%.Native assets moved faster than all of them. ETH gained 32.80% over 30 days and SOL rose 34.67%, according to CryptoSlate's Ethereum market data and Solana market data. The relative moves make asset revaluation a plausible major contributor to the TVL increase, although an exact share remains beyond these aggregate snapshots. The live pages refresh independently, so the comparison is best read as a Sept. 15 market capture rather than a permanently synchronized series.Market30-day DeFi TVL change30-day stablecoin market cap change30-day native asset price changeEthereum+21.38%+0.68%ETH +32.80%Solana+22.94%+5.51%SOL +34.67%All chainsOutside this comparison+1.59%Not applicableWhat TVL is actually measuringDeFiLlama defines T...