DeFi TVL Drops $50B, Wiping Out Gains from Cycle Highs

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

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.

DeFi TVL Drops $50B, Wiping Out Gains from Cycle Highs

Most Read News

Related News