As Value Locked in Defi Dropped More Than 25% Since FTX Collapsed, Decentralized Finance Protocols Failed.

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The total value locked (TVL) in decentralised finance (defi) has been range bound as of December 12, 2022, having decreased by 25.5% from $55.94 billion on November 5 to $41.67 billion at this time. In addition, over the last 12 months, the TVL in defi has decreased 82.56% from the current aggregate of roughly $239 billion in December 2021.

Following the FTX disaster last month, the smart contract token economy and the defence industry are struggling.

The FTX debacle has had a significant negative impact on decentralised finance (defi), as the total value locked (TVL) in defi has lost 25.5% of its value in just 37 days. The TVL in defi is currently estimated to be $41.67 billion and has decreased by 1.63% over the last 24 hours as of the time of writing.

With $6.26 billion in value locked and a dominance rating of 15.02% compared to the other defi protocols’ TVL standings, the defi protocol Makerdao currently has the largest TVL. According to Defillama.com metrics, Makerdao’s TVL decreased by 8.41% over the course of the previous month.

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The TVL in defi today on Dec. 12, 2022, is $41.67 billion, and the value locked 37 days ago was around $55.94 billion or 25.5% higher.

Lido, Aave, Curve, Uniswap, Convex Finance, Justlend, Pancakeswap, Compound Finance, and Instadapp are the top defi protocols in terms of TVL size, followed by Makerdao. Aave, which fell 15.18% in value in 30 days, experienced the biggest monthly loss of the top ten stocks.

Contrarily, the TVL metrics for Convex Finance rose by 43.87% over the past month. Of all the blockchains, Ethereum has the most value that is currently locked away, with $23.98 billion, or 57.55% of the total, locked away in defi.

The second-largest TVL on December 12 belongs to Binance Smart Chain (BSC), with an estimated $4.99 billion or 12.04% of the total. The blockchain networks Tron, Arbitrum, Polygon, Avalanche, Optimism, Fantom, Cronos, and Solana are respectively followed by Ethereum and BSC in terms of TVL size.

With an estimated $4.99 billion or 12.04% of the total, Binance Smart Chain (BSC) had the second-largest TVL on December 12. The blockchain networks Tron, Arbitrum, Polygon, Avalanche, Optimism, Fantom, and BSC are in order of TVL size after Ethereum and BSC.

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