Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth
Published on Aug 13, 2022
https://cb.run/BSnP Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth Decentralized finance TVL is down by 66%, but growth in DEX aggregators, active addresses and steady fund raises show “DeFi winter” is not upon us. 1602 Total views 21 Total shares The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since March 2021. While this 66% contraction is worrying, a great deal of data suggests that the decentralized finance (DeFi) sector is resilient. The issue with using TVL as a broad...
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