Amid the market crash, the total TVL of the DeFi ecosystem dropped to $70.72 billion, which is comparable to March 2021 values.
Relative to the peak level of early December 2021 (~ $ 250 billion), the indicator fell by 71%.
The first place in the DeFi Llama rating is occupied by a veteran of the segment - the landing service MakerDAO, with which the decentralized stablecoin DAI is associated.
Among the top 5 services, the largest reduction in TVL was forAave, Curve and Lido. The first two platforms were actively interacted with by Celsius and Three Arrows Capital, which faced a liquidity crisis and had a negative impact on the entire market.
The sharp decline in Lido is largely due to the collapse of Terra, since the service provided the opportunity for liquid staking of LUNA, as well as the problems around stETH.
Since the beginning of the year, top DeFi tokens have dipped by 70-90%.
The low price of gas, despite the collapse of the price of Ethereum, also testifies to the low activity in the segment.
Recall that in May, the volume of venture capital financing of the DeFi sector fell to $176.3 million. This is the lowest figure since September 2021.
According to Chainalysis, 97% of cryptocurrencies stolen in 2022 came from DeFi protocols.
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