Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions

Terra Fiasco Stirs Value Locked in Defi — Lido, Anchor Plummet to Lower Positions


Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed Lido down to the third-largest TVL position in defi, losing 19.42% in 24 hours. Anchor Protocol has slipped down to the 12th largest TVL position, losing 66.34% in the 24-hour timeframe.

Value Locked in Defi Sheds 10% During the Last 24 Hours — Terra Defi Apps Rock the Boat According to defillama.com stats, the value locked in decentralized finance protocols has dropped 10.58% in value during the past 24 hours, and 39.26% over the past 38

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend