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    Home»Crypto News»Market turmoil slashes DeFi TVL by $15 billion in 24 hours
    Market turmoil slashes DeFi TVL by  billion in 24 hours
    Crypto News

    Market turmoil slashes DeFi TVL by $15 billion in 24 hours

    By Crypto EditorFebruary 3, 2025No Comments1 Min Read
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    DeFi protocols have seen a pointy decline in whole worth locked (TVL), dropping by round $15 billion in simply 24 hours because the broader crypto market confronted intense promoting strain.

    In keeping with information from DeFiLlama, DeFi TVL has fallen to $127.3 billion, marking a $14.64 billion lower from the $141.87 billion recorded on Feb. 2. When measured from Jan. 31, the sector’s whole losses stand at roughly $25 billion.

    Market turmoil slashes DeFi TVL by  billion in 24 hours
    Graph exhibiting the overall worth locked throughout DeFi protocols in 2025 (Supply: DeFiLlama)

    The info reveals that the highest 10 DeFi platforms, together with Aave, Lido, and EigenLayer, have been hit arduous, every struggling double-digit share declines in TVL in the course of the reporting interval.

    In keeping with CoinMarketCap information, this downturn comes amid a broader crypto market crash that has worn out round $400 billion from the crypto market since Jan. 31 and despatched Bitcoin’s worth plummeting to $92,000 earlier as we speak.

    Crypto Market Cap
    Graph exhibiting the overall crypto market cap from Jan. 5 to Feb. 3, 2025 (Supply: CoinMarketCap)

    The submit Market turmoil slashes DeFi TVL by $15 billion in 24 hours appeared first on CryptoSlate.



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