DeFi's total value locked (TVL) has shown resilience despite a significant selloff in the broader crypto market. While major cryptocurrencies like BTC, ETH, XRP, and SOL have plummeted to multi-year lows, DeFi TVL only decreased by 12%, from $120 billion to $105 billion, outperforming the market. This decline is attributed to falling asset prices rather than a mass exodus of yield farmers.
The amount of ether in DeFi has increased, with 1.6 million ETH added in the past week, reaching 25.3 million ETH. The DeFi market is now better collateralized, with only $53 million in liquidatable positions within 20% of the current price, compared to $340 million during a similar market drop in February last year. This suggests a maturing DeFi sector, supported by steady yields and increasing inflows, even amid market volatility.
DeFi TVL Remains Resilient Amid Crypto Market Downturn
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