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DeFiTVL Drops Significantly in 30 Days

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According to reports, DeFiLlama data showed that the TVL of DeFi protocol dropped to 41.7 billion US dollars, of which Lido ranked first with 8.41 billion US do

DeFiTVL Drops Significantly in 30 Days

According to reports, DeFiLlama data showed that the TVL of DeFi protocol dropped to 41.7 billion US dollars, of which Lido ranked first with 8.41 billion US dollars, MakerDAO ranked second with 7.03 billion US dollars, and AAVE ranked third with 4.37 billion US dollars. The TVL on the Ethereum chain fell to US $25.31 billion, and the index fell by 7% in the past 30 days (on February 11, the value was US $27.2 billion).

DEX trading volume in the past 30 days totaled $93 billion

Analysis based on this information:


DeFiLlama data recently reported that the total value locked (TVL) in DeFi protocols had significantly decreased within a 30-day period. The report stated that the TVL dropped to $41.7 billion in total, with Lido leading the pack with $8.41 billion, followed by MakerDAO with $7.03 billion, and AAVE with $4.37 billion.

According to the data, the TVL on the Ethereum chain has specifically suffered a 7% drop with a decline from $27.2 billion to $25.31 billion. This result means that Ethereum has forked out about 80% of the total TVL in the DeFi industry.

The drop in the TVL of DeFi protocols indicates swings in the cryptocurrency market, which is leading to the shift of funds from DeFi protocols to other facets of the crypto world. This change has been driven by the current climate and volatility of the market, which is causing a sell-off in DeFi-based tokens.

The report showed that Lido has remained the most valuable DeFi protocol, even with a 4.13% decrease in the past 30 days, placing it at a staggering $8.41 billion. Lido allows users to stake and earn Ethereum 2.0 tokens, which could be the reason for its continued high value.

MakerDAO, a DeFi protocol that allows users to loan and mint DAI stablecoins, had fallen behind Lido with a TVL of $7.03 billion, a 24.31% decrease in the past 30 days. The decrease in TVL in MakerDAO may be as a result of the increased gas fees on the Ethereum network.

AAVE, another respected DeFi protocol that allows users to borrow and lend cryptocurrencies, came third in the list, with a TVL of $4.37 billion. AAVE has experienced a slight decrease of 4.65% in the past 30 days. This fall may be attributed to its rivals, which are introducing new features and improvements that could siphon users from AAVE.

In summary, the decline in the TVL of DeFi protocols highlights the vulnerability of the DeFi industry to market fluctuations. The sector remains an essential part of the cryptocurrency ecosystem, but users and stakeholders are advised to diversify their investments and watch the market to make informed decisions.

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