The decentralized finance (DeFi) ecosystem has had a mixed reaction to the recent upheavals in price trend in the global cryptocurrency industry of late. Amidst the bull and bear actions, DeFi tokens have held strong to their fundamentals, a move that has prevented strong selloffs even amongst the top coins by market capitalization.
DeFi Total Value Locked (TVL)
The DeFi ecosystem has continued to see inflows of cash into the wide range of protocols including the lending, derivatives, and decentralized exchange markets respectively. According to DeFi Pulse, the Total Value Locked in DeFi is currently pegged at $84.14 billion, up from $62.921 billion in the past month.
DeFi 90 TVL Trend. Source: DeFiPulse
The broader cryptocurrency ecosystem has seen a lot of price changes with periods of ups and downs in this same time period, however, this DeFi metrics shows many investors chose to secure their holdings with the yielding options made possible by the decentralized finance markets. The
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