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

Interacting with multiple defis protocols from a single place is possible on NeofiOfficial! In addition to being able to exchange DEX-quoted tokens without any gas fees! $NEOFI CryptoBaskets Portfolio Fiat crypto PassiveIncome Stake

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DeFi attacks are on the rise — Will the industry be able to stem the tide?DeFi attacks continue to increase, with the industry losing over a billion dollars to hackers in the past few months. Can the industry combat hackers? Let us tell you: $HAPI i_am_hapi_one as they just partnered and are working with chainalysis, this is going to be awesome for the self-regulation for the crypto space, everyone will be HAPI as this is a way to combat hackers losslessdefi is the great project to protecting our DeFi system
Source: Cointelegraph - 🏆 562. / 51 Read more »

Aurora launches $90M fund to finance DeFi apps on Near ProtocolAurora, an EVM scaling mechanism on the Near protocol, has launched a $90 million token fund in partnership with Proximity Labs to attract new developers. Are you bullish on $NEAR? Near is about to get annihilated just like Luna I'm not good looking
Source: Cointelegraph - 🏆 562. / 51 Read more »