Total value locked in DeFi drops 70% in 2022 to below $100 billion

Sept 27,2022
KingData News: The TVL recorded in December 2021 stood at a whopping $303.8 billion, only to drop to $96.3 billion in September 2022 – a loss of 68.3%, according to the data published by crypto market data aggregation and analytics platform CryptoRank on September 26. As per this data, the TVL in DeFi decreased by 10% in the last 30 days, from $106 billion where it stood a month ago, to the current $96.3 billion. Notably, the dominance of Ethereum (ETH) in the DeFi space continues, as it accounts for $56.3 billion or 58.46% of the entire DeFi TVL.
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