Defi’s TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchains
Submitted by Anonymous (not verified) on Thu, 05/02/2024 - 04:50
The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several blockchains, such as a significant drop in Avalance and Solana. Despite the overall downtrend, Bitcoin, Base (a Layer two blockchain […]