Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed – Defi Bitcoin News

Decentralized Finance Protocols Flounder as Value Locked in Defi Shed More Than 25% Since FTX Collapsed

On December 12, 2022, the total value locked in decentralized finance has been range bound after falling 25.5% from $55.94 billion on Nov. 5, to today’s $41.67 billion. Moreover, during the past 12 months, the TVL in defi dropped 82.56% from roughly $239 billion in Dec. 2021, to today’s aggregate.Decentralized finance has suffered a great deal from the FTX fiasco as the total value locked in defi has shedin 37 days. At the time of writing, the TVL in defi today is an estimated $41.

The defi protocol Makerdao commands the largest TVL today with $6.26 billion in value locked, and a dominance rating of 15.02% against the rest of the defi protocols’ TVL standings. Defillama.comThe TVL in defi today on Dec. 12, 2022, is $41.67 billion, and the value locked 37 days ago was around $55.94 billion or 25.5% higher.

Following Makerdao, the top defi protocols in terms of TVL size include Lido, Aave, Curve, Uniswap, Convex Finance, Justlend, Pancakeswap, Compound Finance, and Instadapp respectively. Out of the entire top ten, Aave saw the largest monthly loss after it shed 15.18% in value in 30 days. On the other hand, Convex Finance’s TVL metrics increased by 43.87% during the last month. Ethereum holds the most value locked out of all the blockchains with $23.98 billion orBinance Smart Chain has the second-largest TVL on Dec. 12, with an estimated $4.99 billion or 12.04% of the total. In terms of TVL size, Ethereum and BSC are followed by the blockchain networks Tron, Arbitrum, Polygon, Avalanche, Optimism, Fantom, Cronos, and Solana respectively.

this year has seen DeFi burn alot of people's personal savings. This has been very damaging for everyone. 2023 will be much better for us

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$MSTR short squeeze!!!! Nasdaq UP +0.35% BTC price -0.4% BUT $MSTR down -3.72% (drop make no sense) MSTR holds 130,000 BTC, its over sold because of short sellers. Price action make no sense.

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Hacker Steals $6.9 Million From Arbitrum-Based Defi Protocol Lodestar Finance – Defi Bitcoin NewsReports detail that the DeFi protocol Lodestar Finance lost roughly $6.9 million from the vulnerability on Saturday. North Korea or Russia no doubt. How do you hack? Arghh. Another hack. Stay safe guys.
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Industry execs voice confidence in DeFi adoption despite security flawsPrimex Finance co-founder Dmitry Tolok told Cointelegraph that a more mature market with more mechanisms that deal with vulnerabilities will eventually lead to more investor confidence. A wider DeFi adoption can only be achieved with the right education. Retail investors need to learn the fundamentals of Web3 , Blockchain and Bitcoin before investing their money into these assets.
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