DeFi Market Stats

This week DeFi experienced its first major drawdown in a while, as the total value locked (TVL) in the ecosystem’s dapps dropped a whopping +$23B, from $82.7B to $58.9B, since this point last weekend. Wow! That’s the reality of crypto and DeFi: things can go up fast, and they can go down just as fast, too. If you zoom in, though, this particular drawdown wasn’t so surprising, at least considering a handful of developments that depressed the wider cryptoeconomy in recent days.