Value Locked in DeFi Slips to $74 Billion, Top Smart Contract Tokens Down Over 70% This Year
Decentralized finance (DeFi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion. Moreover, since December 2021, the top smart contract platform tokens have lost 70% in value against the U.S. dollar as well, sliding from $823 billion to today’s $245 billion.
DeFi Continues to Get Slammed by the Market Carnage, Top Smart Contract Platform Tokens Record Significant Losses