Ethereum DEX TVL Plunges 88% From 2021 Peak: Token Terminal

The total value locked (TVL) in Ethereum-based decentralized exchanges (DEX) has plummeted 88% from its peak, according to new data from Token Terminal. At its height in November 2021, DEX TVL on Ethereum reached $44 billion, but now hovers at around $5 billion. Meanwhile, the total TVL of the Ethereum Layer 1 (L1) ecosystem has surpassed its previous cycle high to exceed $200 billion. This total TVL is calculated as an aggregate of stablecoins, lending and real-world assets (RWA), liquid staking, and DEX. Interestingly, stablecoins account for approximately 65%, or $130 billion, of that figure, Token Terminal data shows. Stablecoin TVL on Ethereum previously peaked at $122 billion in February 2022. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

Ethereum DEX TVL Plunges 88% From 2021 Peak: Token Terminal

Most Read News

Related News