DeFi TVL Is Down A Staggering 80% From Its 2022 Highs, Is A Revival Possible?
Back in 2021, the decentralized finance (DeFi) space experienced explosive growth which led to a rapid rise in total value locked (TVL). The TVL would continue to grow into 2022 and maintain a decent level even through the initial bear market triggered by the Terra collapse. However, the glory days are long over now and […]
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Even after the recent rally, the prices of top DeFi coins are down massively since the summer highs. Data from CoinGecko indicates that the average DeFi coin has dropped by approximately 60-70% from their summer highs, underperforming Bitcoin massively. This comes in spite of the fact that the total value locked in DeFi contracts has […]
Decentralized finance token prices have begun to trend higher and the rise in the total value locked across protocols and increasing dApp revenue hint at a potential DeFi revival. The month of March has been a tale of two halves for the cryptocurrency market and the weakness seen since the start of the year has began to fade. Bitcoin's (BTC) strong move above the $40,000 level is helping to lift sentiment across the sector, and DeFi tokens are also beginning to move upward. Crypto Fear & Greed Index. Source: Alternative.meData from cryptocurrency market intelligence firm Messari shows that....
With yield farming becoming one of the most popular ways to earn sometimes frankly staggering returns on investment, 2020 saw platforms such as Compound take the spotlight as leaders of the DeFi farming movement. The TVL (total value locked) in DeFi currently sits at over $26 billion, and with innovative new platforms making strides into […]
It’s been a rough year for DeFi, and it may not get any better until projects focus more on security, regulation and usability. The persistent challenges faced by decentralized finance have been well documented by a handful of analysts and the recent collapse of the Terra ecosystem re-enforced the fact that something is critically wrong with DeFi.I think DeFi today is completely broken for 99% of the population. The promise of a more transparent financial system has been overtaken by greed. UST/LUNA is just the latest in a string of bad developments:— Peter Yang (@petergyang) May 11, 2022....
Bitcoin has woken up from its recent slumber. But a bull revival might need a break above $11,200.