Value Locked in Defi Slips to $74 Billion, Top Smart Contract Tokens Down Over 70% This Year

Value Locked in Defi Slips to $74 Billion, Top Smart Contract Tokens Down Over 70% This Year


Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion. Moreover, since December 2021, the top smart contract platform tokens have lost 70% in value against the U.S. dollar as well, sliding from $823 billion to today’s $245 billion.

Defi Continues to Get Slammed by the Market Carnage, Top Smart Contract Platform Tokens Record Significant Losses

While a great number of cryptocurrencies including the leading crypto asset in terms of market valuation, bitcoin (BTC), slid significantly in value, smart

Trending: FOX NEWS Host Jesse Watters Asks: Was Someone Else In Paul Pelosi’s Vehicle When It Crashed? [VIDEO]

Continue reading


 

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