DeFi TVL drops by $45B, erasing gains since Trump election

Share via:


The total value of cryptocurrencies locked (TVL) in decentralized finance (DeFi) protocols has lost all its gains since Donald Trump was elected US president in November 2024.

Following the US election, DeFi TVL rose to as high as $138 billion on Dec. 17, but had retracted to $92.6 billion by March 10, as noted by analyst Miles Deutscher.

Solana has borne the brunt of criticism as its memecoin popularity fades, but Ethereum has faced its own challenges in recent cycles, with Ether (ETH) failing to reach a new all-time high despite Bitcoin (BTC) soaring…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

DeFi TVL drops by $45B, erasing gains since Trump election


The total value of cryptocurrencies locked (TVL) in decentralized finance (DeFi) protocols has lost all its gains since Donald Trump was elected US president in November 2024.

Following the US election, DeFi TVL rose to as high as $138 billion on Dec. 17, but had retracted to $92.6 billion by March 10, as noted by analyst Miles Deutscher.

Solana has borne the brunt of criticism as its memecoin popularity fades, but Ethereum has faced its own challenges in recent cycles, with Ether (ETH) failing to reach a new all-time high despite Bitcoin (BTC) soaring…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

MWC 2025: HMD unveils earphones with a case you...

Human Mobile Devices (HMD), the Finnish company that...

Unknown attacker causes headaches during Pectra upgrade on Sepolia

An Ethereum developer says the recent Pectra upgrade...

Sirona Elevates Ecommerce Head Krishna Mishra To Role Of...

SUMMARY Mishra is expected to lead strategic expansion and...

Popular

Upcoming Events

Wipro Unveils TelcoAI360 to Transform Telecom Operations with AI:...

Indian technology services and consulting company Wipro Limited...

Highland Spring secures bank backing

The new term and revolving credit facilities of...

Suspended Resolution Professional Alleges Pressure To Rope In EY

SUMMARY Pankaj Srivastava alleged that Khaitan & Co officials...
d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa d.fesdfrwa.dfa