DeFi Total Value Locked Experienced Its First Yearly Decline in 2022: Report

The total value locked (TVL) on decentralized finance protocols fell 24.7% last quarter to $74.3 billion, marking the second-largest quarterly decline for the novel financial services industry, behind only the quarter that saw the Terra ecosystem collapse. The decline has meant that DeFi recorded its first-ever yearly decline in total value locked, losing 76.4% of […]