With the crypto economy just under $1.2 trillion, the value of DeFi protocols and SmartContract crypto tokens has suffered a great deal.
While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance protocols and smart contract tokens has suffered a great deal. Statistics show that the total value locked in defi has dropped 7.96% since May 18, to roughly $104 billion, and the combined value of all the smart contract tokens lost 8.2% during the last 24 hours.
Defi metrics indicate that the world of decentralized finance has been stagnant since the fall of Terra’s UST and LUNA. 24 days ago on May 18, the total value locked in defi was around $113 billion, and today it is 7.96% lower, hovering just above $104 billion. Curve’s, Aave’s, and Lido’s TVL shed between 7.21% and 19.74% during the past month as well, while Uniswap gained 1.92% during the last 30 days. The defi protocol Nord Finance was the month’s biggest loser, as its TVL dropped by more than 71% last month.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Huobi Launched $1 Billion Investment Vehicle Focused on Web 3 and DeFiThe large crypto exchange wants to take a stab at DeFi and Web 3 development through the new investment arm.
Read more »
Huobi Global launches $1B investment arm focused on DeFi and Web3Some promising DeFi and Web3 projects will get a cash injection from the exchange Huobi Global. Dubbed Ivy Blocks, it will reportedly invest $1 billion, as well as financial advice and guidance.
Read more »
Aztec updates its Layer 2 network to introduce privacy-focused DeFi on EthereumWith the release of Connect, the Aztec team wants to position Connect as a privacy-preserving alternative to competing Layer 2s.
Read more »
CoinDesk: Bitcoin, Ethereum, Crypto News and Price DataPayPal’s recent move to allow transfers out of the firm’s cryptocurrency walled garden is the opening step from a fiat-orientated world to a digital currency one, according to the fintech giant’s CEO Dan Schulman. IanAllison123 reports
Read more »
Ethereum eyes fresh yearly lows vs. Bitcoin as bulls snub successful 'Merge' rehearsalETH/BTC could drop by up to 25% ahead of the Q3/2022's close, a mix of technical and fundamental indicators suggest.
Read more »
Solana Ventures Launches $100 Million Fund Focused on Web3 Projects in South Korea – Bitcoin NewsThe capital will be dedicated to Web3, non-fungible tokens (NFTs), decentralized finance (defi), and game finance (gamefi) development.
Read more »