The decentralized finance (DeFi) ecosystem is witnessing a remarkable surge, with its total value locked (TVL) breaching the $100 billion mark for the first time in over two years. This milestone highlights the growing interest and adoption of DeFi protocols among users seeking alternatives to traditional finance.

One of the most significant developments in the DeFi space is the upcoming "Endgame" transformation of MakerDAO, a leading decentralized lending protocol. Co-founder Rune Christensen has announced the launch season for the five-phase plan, which aims to position MakerDAO's stablecoin, DAI, as a formidable competitor to Tether, with a target of reaching 100 billion DAI in circulation. The first phase involves rebranding the entire operation to make it more accessible and appealing to a broader audience.

Meanwhile, the DeFi protocol Unizen suffered a multimillion-dollar hack, resulting in the loss of approximately $2.1 million in user funds. However, in a commendable move, Unizen has pledged to provide "immediate reimbursement" to users who lost $750,000 or less, demonstrating its commitment to addressing security breaches and protecting its user base.

On a positive note, Ethena, a decentralized application (DApp), has emerged as the highest-earning platform in the crypto space. According to data, Ethena has surpassed $6.8 million in daily cumulative revenue over the past week, outperforming other blockchains except Tron and Ethereum.

In another notable development, BNB Chain has announced its rollup-as-a-service (RaaS) solution, which aims to facilitate the creation of layer-2 blockchains on its network. This move is expected to expand the BNB Chain ecosystem and provide projects with the necessary infrastructure to deploy layer-2 networks on the blockchain.

Overall, the DeFi market is experiencing bullish price action, with most of the top 100 tokens by market capitalization trading in the green on the weekly charts. This surge in activity and the significant developments within the ecosystem highlight the growing maturity and acceptance of DeFi protocols as viable alternatives to traditional financial services.