DeFi Coins Outperform Bitcoin, Ether as Traders Pare Bets on Jumbo Fed Rate Hike
— Ether, Hike, Jumbo, Pare, Uptick, Writing, Total, Locked, Billion, Traders — 1 min read
Total value locked (TVL) in DeFi protocols has crashed to $38 billion from $95 billion this year. The total value locked is the amount of user funds deposited in the DeFi protocol. The figure is one of the most commonly used metrics to assess the sector's growth. And there was hardly an uptick as of writing, according to data source Defi Pulse. The data source says there is not an uptick in the market share of DeFi users in the past two months. The market is expected to remain flat for the rest of the next few months, with the market expected to stay in the near $30 billion range of $50 billion. For all the latest DeFi news, please contact CNN.com/news@dailymail Source