The total value locked (TVL) in decentralized finance (DeFi) protocols has fallen by approximately $50 billion in the past four months, eliminating gains made since the post-election market surge in November 2024. DeFi TVL climbed to $138 billion on Dec. 17, 2024, the highest since May 2022, just weeks after the election. But has since declined to $88 billion as of March 13, according to DeFiLlama. This downturn comes despite Bitcoin (BTC) reaching a new all-time high of over $109,000 on Jan. 20, before pulling back to its current price of around $80,000, according to CoinGecko. The sharp decline in DeFi TVL underscores shifting market sentiment, which has been plagued by volatility and uncertainty since the election. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
