Total Value Locked in Decentralized Finance (TVL ) ( defi ) fell below $40 billion for the first time since the first week of February 2021. Defi’s TVL on Dec 17, 2022 is around $39.53 billion after falling more than 4% over the past 24 hours.
Defi Locked Value Drops Below $40 Billion
Defi Protocol Locked Value Drops for First Time in 675 Days or Since Week 1 of 2018 , fell below the $40 billion region for the first time. February 2021. At that point, it was the first time Defi’s TVL reached his $40 billion from his $1 billion in February 2020, a year earlier.
Today’s grand total is pegged at his $39.53 billion, with stats showing Makendao commanding his biggest TVL this weekend, at 14.91 dominates %. Makerdao’s TVL is around $5.89 billion, and he’s down 6.88% in the last week. When it comes to fixed-value data, Makerdao’s TVL is followed by Lido, Curve, Aave, and Uniswap respectively.
With $23.06 billion worth locked in ETH-based defi apps, most of the value locked today is held in Ethereum, which is the total assets locked equivalent to 58.33% of Ethereum’s TVL is followed by Tron, Binance Smart Chain, Arbitrum, Polygon, Avalanche, Optimism, Fantome, Cronos, and Solana.
The value of all smart contract protocol tokens today is down 7.5% against the US dollar, worth a total of $240 billion. Of the top 10 smart contract protocol tokens,BNB saw the biggest weekly drop as it lost 17.6% over the past seven days. Ethereum Classic (ETC) suffered a 16.3% loss over the past week, while Tron minimally lost 2.2% over the past 7 days.
What are your thoughts on the state of decentralized financial protocols today and the recent TVL sinking to a low not seen since February 2021? Comment below. Please let us know your thoughts on this matter in the section.
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