The sharp sell-offs continue in the DeFi space. According to CoinGecko, the top 100 DeFi tokens’ market cap plunged from $76.5B on Monday to the current level at $61.3B. Their dominance in the crypto space has also declined slightly from 4.9% to 4.2%.According to DeFi Pulse, the total value locked (TVL) shrank from $54.4B on Monday to $48.0B on Sunday, rebounding slightly to above $50.2B at the time of writing. Around 8.7M ETH and 165K BTC are locked in DeFi respectively at the time of writing.
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Crypto.com Weekly DeFi Update (Week 25…
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The sharp sell-offs continue in the DeFi space. According to CoinGecko, the top 100 DeFi tokens’ market cap plunged from $76.5B on Monday to the current level at $61.3B. Their dominance in the crypto space has also declined slightly from 4.9% to 4.2%.According to DeFi Pulse, the total value locked (TVL) shrank from $54.4B on Monday to $48.0B on Sunday, rebounding slightly to above $50.2B at the time of writing. Around 8.7M ETH and 165K BTC are locked in DeFi respectively at the time of writing.