As a seasoned crypto investor with several years of experience under my belt, I’ve seen my fair share of market fluctuations and volatility. However, the recent decline in DeFi TVL, particularly on Avalanche and Solana, came as a significant shock to me.
Based on DefiLlama’s latest statistics, the decentralized finance (DeFi) market saw a significant drop of approximately $10 billion in total value locked.
Among all the blockchains, Avalanche and Solana experienced the most substantial decreases. This development came as a surprise, particularly for Avalanche, which witnessed a massive withdrawal of funds equivalent to 31.5%. In contrast, Solana was able to limit its losses to approximately 30%.
Despite robust competition from other platforms, Solana has successfully amassed approximately $6 billion in its DeFi operations. Notably, Ethereum continues to dominate the Decentralized Finance (DeFi) sector with around 67% of its Total Value Locked (TVL) as of April, which saw a decrease of 14.2%. Meanwhile, Bitcoin maintained its momentum.
Moreover, Coinbase’s Layer-2 blockchain project, named Base, attracted fresh investment and amassed a total of over $1 billion in secured funds.
In April, the Decentralized Finance (DeFi) market experienced a period of consolidation during which certain blockchains saw significant withdrawals.
Read More
- Grimguard Tactics tier list – Ranking the main classes
- Silver Rate Forecast
- USD CNY PREDICTION
- 10 Most Anticipated Anime of 2025
- Black Myth: Wukong minimum & recommended system requirements for PC
- Box Office: ‘Jurassic World Rebirth’ Stomping to $127M U.S. Bow, North of $250M Million Globally
- Former SNL Star Reveals Surprising Comeback After 24 Years
- Gold Rate Forecast
- Hero Tale best builds – One for melee, one for ranged characters
- Mech Vs Aliens codes – Currently active promos (June 2025)
2024-05-02 03:48