Decentralized finance (defi) protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed Lido down to the third-largest TVL position in defi, losing 19.42% in 24 hours. Anchor Protocol has slipped down to the 12th largest TVL position, losing 66.34% in the 24-hour timeframe.
Value Locked in Defi Sheds 10% During the Last 24 Hours — Terra Defi Apps Rock the Boat
According to defillama.com stats, the value locked in decentralized finance protocols has dropped 10.58% in value during the past 24 hours, and 39.26% over the past 38 days since April 3, 2022. All ten of the top defi protocols in terms of TVL size have dropped between 1.61% and 19.42% in the last day.
The defi protocol Lido dropped from the second-largest position to the third-largest on Wednesday after losing close to 20% i
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