Despite the market conditions that prevailed in much of 2022, decentralized finance still demonstrated its greater scaling potential than that of the traditional financial industry, a new report has said. Even though the total value locked dropped from the peak of $180 billion in Dec. 2021, to just over $50 billion by end of Oct. 2022, certain sectors of the defi market still “show a very optimistic trend.
As shown by the report’s data, the TVL, which peaked at $180 billion in Dec. 2021, dropped from just under the $150 billion seen around May 2022, to just over $50 billion in late October. Despite this TVL decline, according to the report, certain sectors of the defi market still “show a very optimistic trend.”Concerning the extent of adoption, the report acknowledges that there has been a slowdown in the growth rate in 2022 when compared to 2021 .
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maplefinance $mpl
FACT Ok yeah, but I only use ChiefraFba for signals and analysis
I choose to hold edc to prepare for the bull market. His potential is more confidence EarnDefiCoin
Once the scammers and useless projects are fully shaken out, solid defi projects built around bitcoin will shine. SovrynBTC
It's just a bear market the future is still great for crypto
It is not surprising. Cryptos came to stay forever. There is nothing that can change fiat. Cryptos will even become more important than fiat currencies.
Hzm_coin
Nice 👌
The trend is advancing, and the market will give a positive answer. EarnDeFi EarnDefiCoin
They're talking about $CHNG
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