The post Market turmoil slashes DeFi TVL by $15 billion in 24 hours appeared on BitcoinEthereumNews.com.

DeFi protocols have seen a sharp decline in total value locked (TVL), dropping by around $15 billion in just 24 hours as the broader crypto market faced intense selling pressure. According to data from DeFiLlama, DeFi TVL has fallen to $127.3 billion, marking a $14.64 billion decrease from the $141.87 billion recorded on Feb. 2. When measured from Jan. 31, the sector’s total losses stand at approximately $25 billion. Graph showing the total value locked across DeFi protocols in 2025 (Source: DeFiLlama) The data shows that the top 10 DeFi platforms, including Aave, Lido, and EigenLayer, have been hit hard, each suffering double-digit percentage declines in TVL during the reporting period. According to CoinMarketCap data, this downturn comes amid a broader crypto market crash that has wiped out around $400 billion from the crypto market since Jan. 31 and sent Bitcoin’s price plummeting to $92,000 earlier today. Graph showing the total crypto market cap from Jan. 5 to Feb. 3, 2025 (Source: CoinMarketCap) The post Market turmoil slashes DeFi TVL by $15 billion in 24 hours appeared first on CryptoSlate. Source: https://cryptoslate.com/insights/market-turmoil-slashes-defi-tvl-by-15-billion-in-24-hours/

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Filed under: News - @ February 3, 2025 4:23 pm