How Ethereum has put the DeFi market at risk

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Here's an analysis of how the market drawdown has affected the DeFi sector. What more could happen?

With the falling prices, DefiLlama revealed that another 20% aggregate decrease in value could take another $161 million out of the market.

Although 20% might seem like a lot, the press time market state does not take away the possibility. This is because more than half of the cryptocurrencies in the top 50 by market capitalization have experienced double-digit decreases in the last 24 hours.Interestingly, the Total Value Locked has not been exempt from the widespread gloomy picture of the market.

 

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