Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy – Defi Bitcoin News

The effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance ecosystem. Things have changed a great deal following Terra’s aftermath, as the total value locked in defi has plummeted from $231 billion to today’s $112.29 billion, losing 51.38% in 42 days.The total value locked in defi today is just above the $100 billion mark at $112.29 billion.

Another significant change this week that occurred was the downfall of Curve’s defi dominance, as Makerdao is now the largest defi protocol in terms of TVL size. Makerdao dominates by 9.40% with its $10.56 billion TVL and Curve now holds $8.76 billion. After being the third-largest defi application in terms of TVL a week ago, Anchor has dropped to the 58th position after losing 97.76% this week. Stats show that Anchor has $309.78 million total value locked in the lending protocol today.

Blockchain is tested Now defi is being tested

agnes_agnes22 it is burning over 10 trillion per day and increasing its holders. this image is from yesterday and today

paper money alone can be worthless. crypto is a bet, the price issued is a shuffle like dominoes or dice

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After a big wave of data decline, it is destined to capitalists immediately harvest. It is always the people who are hurt and the capitalists who sit on the empty to collect profits.

Defi should restore their trust in people

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