The total value of the atherium fell 27% to $ 97 billion in February, as the widespread decentralized finance sector fell from $ 217 billion to $ $ 168 billion to $ 168 billion amid the outflow of liquidity.
DAPPRADAR analyst Sarah Ghargelus says the total value of decentralized finance fell by about 23% in February, increasing from $ 217 billion to $ 168 billion as market volatility, liquidity change and capital outflow.
recently research reportThe decline was mainly due to low liquidity in liquid staking protocols, analyst note. However, despite the decline, the dominance of the atherium in the region is “unwanted, according to the Gerghelus.”
Solana (Sol) suffered the biggest loss in February as its TVL declined by more than 30% to $ 15.4 billion. The DAPPRADAR analyst says the decline occurred after a strong January and “taking advantage and liquidity towards the more stable DEFI environment was inspired by migration.” On top of it, the Crypto Exchange also slowed the activity on key Solna-based platforms such as Jupiter and Radium.
While most of the major chains faced challenges, Barachain (Bera) turned out to be one of the few winners, according to data, reached $ 5.05 billion TVL.
“The rise of the series is fuel by its proof-of-locidity model, which has attracted users through attractive liquid stacking and yield cultivation. As users want high returns despite a widespread market decline, Berachain is giving itself a major player in the DEFI landscape to develop. ,
Sarah Gharghelas
BNB Chen (BNB) saw a small drop of 11%, which was helped by Stabelcoin Trading. Meanwhile, TRX TV fell 29%, which is likely to be due to the weak demand for Tether’s (USDT) transactions. APTOS (APT) was also one of the rare beneficiaries, which increased its TVL by 6% to $ 1.83 billion.
Ethereum declines in TVL as Futures Open interest in major cryptocurrency also fell rapidly. As the Crypto.News reported, traders have started reducing long positions, with a futures fall in the open interest amidst concerns over business war and hard trends. Matrixport analysts believe that many traders are waiting for clear indications before entering the market again.
While the upcoming pectra upgrade, which aims to improve network functionality and duty efficiency, can provide a short -term boost, it is not clear whether these upgrade will be sufficient to reverse the decline in DEFI activity.
