The DeFi market rebounded this week. After last week’s plunge, the top 100 DeFi tokens’ market cap partially recovered from $64.9B on Monday to the current level at $74.4B, according to CoinGecko. Their dominance in the crypto space has also ballooned slightly from 4.6% to 4.9%.According to DeFi Pulse, the total value locked (TVL) rebounded from the 90-day lows at $48.5B on Monday to $56.3B at the time of writing. Around 8.7M ETH and 168.1K BTC are locked in DeFi respectively at the time of writing.Overall, the price index surged by 31.86%, while the volume and volatility indices decreased by 15.23% and 1.09% respectively.
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Crypto.com Weekly DeFi Update (Week 26…
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The DeFi market rebounded this week. After last week’s plunge, the top 100 DeFi tokens’ market cap partially recovered from $64.9B on Monday to the current level at $74.4B, according to CoinGecko. Their dominance in the crypto space has also ballooned slightly from 4.6% to 4.9%.According to DeFi Pulse, the total value locked (TVL) rebounded from the 90-day lows at $48.5B on Monday to $56.3B at the time of writing. Around 8.7M ETH and 168.1K BTC are locked in DeFi respectively at the time of writing.Overall, the price index surged by 31.86%, while the volume and volatility indices decreased by 15.23% and 1.09% respectively.