From the east to the west, from the north to the south, from NFTs to Decentralised finance , the negative impact of the crypto-winter has been undeniable., the DeFi ecosystem registered a 69% decline in total volume locked on protocols across all chains in the first half of the year. However, on the back of a bullish retracement of late, an uptick has been spotted across the TVLs of major protocols. With a figure of $89.
With the last 30 days marked by a growth in TVL, the Ethereum network logged a 19% hike during this period. With a TVL of $8.56 billion, MakerDAO prides itself as the number one protocol housed on the Ethereum Network. In H1, its TVL fell by 58%. After seeing some correction, it grew by 10% in the last 30 days.trails Ethereum as the network with the second highest TVL. The chain holds a 7.5% share of the entire market’s TVL. In H1 2022, TVL on the network declined by 62%.
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