Value Locked in Defi Descends Below $50B Range 9 Days After 2023 High – Defi Bitcoin News

The total value locked in decentralized finance has descended below the $50 billion range after reaching a 2023 high of $53.63 billion on April 14. This shift has been felt across the board with the top 18 defi protocols recording losses during the past seven days, and the largest defi protocol by TVL size, Lido, losing 8.25% over the past week.

Although the total value in defi has decreased this weekend, the top smart contract token economy hasover the past 24 hours to reach $369 billion. However, nine out of the top ten smart contract tokens have experienced weekly declines in value against the U.S. dollar. Tron, on the other hand, has risen by 1.1% over the last week. Out of the $369 billion in value, Ethereum’s market cap accounts for $225.

What do you think the future holds for the defi market in light of recent volatility and TVL losses? Share your thoughts about this subject in the comments section below.Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications.

Source: Digital Coin News (digitalcoinnews.net)

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2023 Nissan Rogue vs 2023 Toyota RAV4: Pros and Cons of Each SUVIn this specs comparison, we look at the upsides and downsides of the ever-popular Nissan Rogue and Toyota RAV4 to determine which small crossover is best.
Source: MotorTrend - 🏆 230. / 63 Read more »

Maker of Opioid Overdose Drug Aiming for $50 OTC PriceEmergent said its goal is to make the OTC retail price “consistent” with the price the company charges public interest groups, which averages less than $50 per package. But the actual retail price will be set by individual retailers.
Source: WebMD - 🏆 709. / 51 Read more »

Netflix’ Reed Hastings, Ted Sarandos See Jump In 2022 Pay Packages To Circa $50 Million EachReed Hastings saw his total pay package jump by about $10 million last year to $51 million on a new stock option grant. Co-CEO Ted Sarandos pulled in total compensation of $50.3 million, up from $3…
Source: DEADLINE - 🏆 109. / 63 Read more »

Netflix’s Reed Hastings, Ted Sarandos See Compensation Rise to More Than $50 Million in 2022Reed Hastings, who stepped aside as co-CEO of Netflix in January, and co-chief Ted Sarandos both saw double-digit increases in their compensation packages for 2022, with their total pay topping $50…
Source: Variety - 🏆 108. / 63 Read more »

San Francisco mayor has 'no plans' to support request for $50 million reparations officeSan Francisco Mayor LondonBreed has 'no plans' to support a request for $50 million from the city's reparations committee. 'Once [those recommendations] are finalized and make it clear in regards to my support at that time,' Breed said.
Source: dcexaminer - 🏆 6. / 94 Read more »

Mother’s Day gift guide according to budgetOur favourite gifts under $20, $50, $100 and $200
Source: TheStarPhoenix - 🏆 253. / 63 Read more »