As Crypto Economy Slumps, Total Value Locked in Defi Continues to Rise

as crypto economy slumps total value locked in defi continues to rise

Sumary of As Crypto Economy Slumps, Total Value Locked in Defi Continues to Rise:

  • Approximately nine days ago, the total value locked (TVL) in decentralized finance (defi) across various blockchains was around $176 billion.
  • At that time, bitcoin ($49,937) and ethereum ($3,886) fiat values were much higher.
  • Despite the fact that the crypto economy and these coins have dipped in value, the TVL across defi has continued to rise, climbing more than 5% to $185.32 billion.
  • Defi TVL Across All Chains Rises by More Than 5% Over 9 Days Decentralized finance (defi) has attracted billions of dollars and at the time of writing, the total value locked across a myriad of blockchains is around $185.32 billion.
  • That’s approximately 5.113% higher than the TVL was nine days ago.
  • At the time of writing, the TVL held in defi is $185 billion and more than 5% higher than it was nine days ago.
  • One would assume that the TVL held in defi would have dropped in value after the price of ethereum (ETH) shed a few percentages in value.
  • However, that’s not the case, because a number of other blockchains saw TVL values rise.

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