Value Locked in Defi Drops Below $200 Billion, April's Dex Trade Volume Drops 21% Lower Than March – Defi Bitcoin News

Curve Finance is down 11.74%, Lido has lost 13.73%, Makerdao shed 16.81%, and Convex Finance has lost 10.59% since last month.

Data recorded on May 1, 2022, indicates the current total value locked in defi protocols is $196.6 billion, according to defillama.com statistics.or $109.21 billion today. Terra blockchain is the second largest in terms of defi TVL with 14.36% of the $196.6 billion. Terra’s TVL today equates to $28.23 billion and $16.48 billion resides in Anchor.

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Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullishAVAX fans have a lot to go long on, even with a brief snowfall for Avalanche. Its ecosystem and DApps could overshadow its current price. With their team ego and declining any good offers they will lose very soon validators and teams. openbisea will remove avax from supported networks in case no significant steps next few weeks I love Avalanche wildly, but I use Cardano inside ActaFi.
Source: Cointelegraph - 🏆 562. / 51 Read more »