State of Decentralized Finance Remains Lackluster, Value Locked in Defi Slid 67% in 6 Months – Defi Bitcoin News

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Decentralized finance (DeFi) action has subsided a great deal in terms of the total value locked during the last six months.

State of Decentralized Finance Remains Lackluster, Value Locked in Defi Slid 67% in 6 Months

TVL in defi distributed across blockchains. Ethereum dominates by 57% on October 22, 2022, according to defillama.com. There are 189 lending defi apps with $13.96 billion locked on Saturday and 57 CDP protocols command $10.37 billion. There’s also a total of 45 liquid staking applications that hold $7.91 billion in value today.

 

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I think this is temporary, so I continue to actively allocate usdt to buy promising defi projects

Cyripto coins are a gambling system where a few whales direct the prices as they wish and win, prices are not determined by supply and demand, no state will accept such a system, therefore cyripto coins have no future

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2018… at 6K everyone was calling it the bottom..BECAUSE IT DILLY DALLIED n ZIGZAG’D THERE A LOT… then, 3K came in like a big boom 💥 ⚠️ —Here is The Analysis—⚠️ If 20k is the new-6k (take half 1/2 of that ) 10k is the new-3k see,

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