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Despite declines, the value of crypto assets in DeFi protocols is up 3x from a year ago


Total DeFi TVL is off 16% from peak, but market players argue it’s just a bump on the way to growth

Jacquelyn Melinek

7 hours

The bears might have you believe it’s a down-market for decentralized finance (DeFi) chains, with total value locked across all decentralized finance (DeFi) chains down from all time highs, but that hasn’t been true for most of the major protocols over the past week.
Of the top 100 chains, only 18 have lost value over the past seven days, according to DeFi Llama data. The rest, it appears, are riding a rising wave on the back of demand and early adopter enthusiasm.
Blockchain protocol Terra hit a new TVL peak on March 22 at $27.45 billion, rising over 68% from a month earlier, and Curve, a decentralized exchange liquidity pool on Ethereum, took the No. 1 spot in terms of TVL, seeing a 13.4% increase from a week ago to $20.41 billion.
Total value locked, or TVL, across all DeFi protocols is the sum of all staked crypto assets that are earning …

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