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DeFi Surges 300% Amid Market Crash: Here’s Why

Despite a market meltdown causing Bitcoin to drop below $80K and Ethereum to hit a two-year low of $1,432, the decentralized finance (DeFi) sector showed remarkable resilience. Total value locked (TVL) in DeFi reached a low of $95 billion, the lowest since November. However, key usage metrics in DeFi outperformed Ethereum’s price decline. Aave, the largest DeFi protocol, saw its TVL rise to a record high of 11.02 million ETH, equivalent to $17.32 billion, up from 3 million ETH at the start of the year. Sky, formerly MakerDAO, increased its TVL from 1.85 million ETH to 4.63 million ETH. Lending protocol Spark also saw a 1 million ETH increase in deposits this month. Decentralized exchange volumes remained strong, reaching $11.8 billion on Monday and $9.8 billion by mid-Tuesday, compared to last week’s peak of under $7 billion per day. This surge in DeFi activity highlights traders’ shift towards delta-neutral strategies and stablecoins to manage risk during volatile market conditions.

Source: www.coindesk.com

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Karl Marx OnChain @KM_crypto1 · 2h
Market is volatible with many 30-40% down, meanwhile @CurveFinance is up 20%. Easily understand why Stablecoin demand soar and Curve is deepest stablecoin liquidity in DeFi → low slippage, efficient swaps. $CRV leads DeFi token performance with +19.70% growth, fueled by

The DeFi Investor @TheDeFinvestor · 2h
DeFi is holding strong: • We haven’t seen any stablecoin depegs during the market crash • Money markets accrued 0 bad debt • Crypto raises are up 200% since Jan. Every dip makes this industry stronger.

Edgy – The DeFi Edge @thedefiedge · Feb 5
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DeFi Revenues Drop Sharply in March DeFi protocols across Ethereum, Solana, and BNB Chain saw revenue declines of over 50% in March, driven by a broader slowdown in onchain activity and trading volumes. > http://Pump.fun and Raydium dropped 55% MoM, while Ethereum

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Mark Jeffrey @markjeffrey · Apr 7
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