The decentralized finance (defi) protocols are struggling to weather the storm as total value locked in defi today has dropped 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden drop in value related to Terra, LUNA and UST native assets has put Lido in third place among TVL in defi, losing 19.42% in 24 hours. Anchor Protocol dropped to 12th among TVLs, losing 66.34% in 24 hours.
Value locked in defi has lost 10% in the last 24 hours – Terra Defi apps are rocking the boat
- While just three days ago Anchor’s Defi credit protocol was the third largest Defi project, it now ranks 12th as it has lost 66.34% in the last 24 hours. Seven-day stats show that TVL Anchor has lost 85.92% in value.
- One of the only defi-protocols whose TVL rose in the last week is Tron’s Sunswap, as it rose 10.69% in the last seven days. Dydx managed to get TVL up 0.80% this week, and Arrakis Finance is up 4.48% this week.
- Stablecoin-focused automated market maker and decentralized exchange (dex) Curve Finance still dominated Wednesday, gaining 9.94% of the $139.81 billion total. However, Curve is down 11.51% in the last 24 hours, down 27% in the week, and down 31.85% in the last month.
What do you think of the decentralized finance market action over the past few days and how the Terra ecosystem is affecting value capture? Let us know what you think about this topic in the comments section below.
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