BTC logo
BTC
$108,536.32
2.41%
ETH logo
ETH
$3,929.45
1.58%
USDT logo
USDT
$1.0005
0.00%
BNB logo
BNB
$1,149.89
1.67%
XRP logo
XRP
$2.3692
2.74%
SOL logo
SOL
$189.49
4.56%
USDC logo
USDC
$0.9999
0.00%
TRX logo
TRX
$0.3199
0.89%
DOGE logo
DOGE
$0.1918
3.81%
ADA logo
ADA
$0.6547
2.90%
HYPE logo
HYPE
$37.78
2.72%
USDE logo
USDE
$0.9995
0.06%
LINK logo
LINK
$17.76
2.15%
BCH logo
BCH
$512.27
2.70%
XLM logo
XLM
$0.3166
3.09%
SUI logo
SUI
$2.6194
3.70%
AVAX logo
AVAX
$21.20
3.54%
WBT logo
WBT
$41.33
1.34%
LEO logo
LEO
$9.5922
0.51%
HBAR logo
HBAR
$0.1753
3.78%
BTC logo
BTC
$108,536.32
2.41%
ETH logo
ETH
$3,929.45
1.58%
USDT logo
USDT
$1.0005
0.00%
BNB logo
BNB
$1,149.89
1.67%
XRP logo
XRP
$2.3692
2.74%
SOL logo
SOL
$189.49
4.56%
USDC logo
USDC
$0.9999
0.00%
TRX logo
TRX
$0.3199
0.89%
DOGE logo
DOGE
$0.1918
3.81%
ADA logo
ADA
$0.6547
2.90%
HYPE logo
HYPE
$37.78
2.72%
USDE logo
USDE
$0.9995
0.06%
LINK logo
LINK
$17.76
2.15%
BCH logo
BCH
$512.27
2.70%
XLM logo
XLM
$0.3166
3.09%
SUI logo
SUI
$2.6194
3.70%
AVAX logo
AVAX
$21.20
3.54%
WBT logo
WBT
$41.33
1.34%
LEO logo
LEO
$9.5922
0.51%
HBAR logo
HBAR
$0.1753
3.78%
Finance
Share this article

DeFi Shrinks to Multiyear Low as the Crypto-Fueled Future of Finance Falters

The total value locked in DeFi protocols has slumped to the lowest level since February 2021 even as ETH, which underpins the market, has soared this year.

By Oliver Knight|Edited by Nick Baker
Updated Aug 23, 2023, 7:19 p.m. Published Aug 23, 2023, 3:11 p.m.
DeFi total value locked, or TVL, has dwindled (DefiLlama)
DeFi total value locked, or TVL, has dwindled (DefiLlama)