Tag: defi downturn

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Defi Sector Navigates an Extended Crypto Winter: TVL Dips to February 2021 Levels

September 2, 2023

The realm of decentralized finance (defi) is grappling with the aftermath of the sweeping crypto market slump that marked the close of August. As it stands, the total value locked (TVL) in defi, pegged at $37.59 billion, has plummeted to a low last witnessed in the second week of February 2021. Crypto Winter’s Grip on…
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Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions

May 11, 2022

Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed Lido down to the third-largest TVL position…
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