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DeFi TVL drops 39% YTD to $70 billion


DeFi TVL drops 39% YTD to $70 billion

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DeFi protocols have lost about $45 billion in total value locked since January, with TVL falling from roughly $115 billion to around $70 billion as of late June, according to CryptoRank. The sustained monthly decline, driven by a record wave of exploits and price crashes, highlights security risks, reduced liquidity and downward pressure on token prices and DeFi adoption.

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DeFi protocols have shed roughly $45 billion in total value locked across all chains since January, amid a record wave of exploits and price crashes. On-chain analysis by CryptoRank showed that DeFi TVL has been falling every single month this year, sliding from about $115 billion to around $70 billion as of late June.  Among...
Read the article at CryptoPolitan

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