The DeFi suffered sell-offs this week. According to CoinGecko, the top 100 DeFi tokens’ market cap declined from $78.4B on Monday to $71.2B at the time of writing. Their dominance in the crypto space currently sat at 5.34%.According to DeFi Pulse, the total value locked (TVL) slashed from $60.7B to the current level of $55.6B. Around 9.4M ETH and 183.5K BTC are locked in DeFi respectively at the time of writing.Overall, the price, volume, and volatility indices plunged by 18.21%, 31.99%, and 74.81% respectively.
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Crypto.com Weekly DeFi Update (Week 28…
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The DeFi suffered sell-offs this week. According to CoinGecko, the top 100 DeFi tokens’ market cap declined from $78.4B on Monday to $71.2B at the time of writing. Their dominance in the crypto space currently sat at 5.34%.According to DeFi Pulse, the total value locked (TVL) slashed from $60.7B to the current level of $55.6B. Around 9.4M ETH and 183.5K BTC are locked in DeFi respectively at the time of writing.Overall, the price, volume, and volatility indices plunged by 18.21%, 31.99%, and 74.81% respectively.