Value of DeFi Assets Still Dropping, Though Staking Is Up
Despite a series of failures in centralized crypto exchanges and services, decentralized finance (DeFi) has seen consistent outflows. The total value locked (TVL) in DeFi protocols has dropped from $178 billion to less than $38 billion, with Ethereum protocols holding the majority at $21.8 billion. The TVL even fell below the $40 billion mark after the collapse of centralized exchange FTX in November 2022. The figure does not include funds locked in liquid staking protocols or assets held in services like Coinbase’s staking service.
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Decrypt
Value of DeFi Assets Still Dropping, Though Staking Is Up
Despite a series of failures in centralized crypto exchanges and services, decentralized finance (DeFi) has seen consist… Read Summary
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Aug 25, 10:54 am
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