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This week, the total value locked (TVL) in DeFi dropped below $50B for the first time since late May 2021.
At the time of writing, the ecosystem’s TVL was hovering right around the ~$48B mark.
At this point, uncertainty is reigning. Many people still think the rest of 2021 will foster a bullish uptrend for crypto and DeFi, yet the recent market chop has more folks feeling bearish sentiments than we’ve seen for a while. In the meantime, the verdict’s still out, so bulls, bears, and those in between will just have to keep watching closely to see which way the market breaks next.
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