DeFi Total Value Locked (TVL) Plummets by $45 Billion, Wiping Out Post-Trump Election Gains

The Total Value Locked (TVL) in DeFi protocols experienced a decline before the recent Ethereum network upgrade and US presidential election. As per data from DeFi Pulse, TVL dropped from $12.46 billion to $11.1 billion in the past week. Ethereum outflows intensified as traders moved their assets to centralized exchanges or stablecoins in anticipation of market volatility. The TVL fluctuation reflects trader sentiment and risk appetite ahead of significant events. Despite the temporary dip, DeFi continues to showcase resilience and adaptability in the face of market uncertainty. Stay updated on DeFi trends and market developments to make informed investment decisions during times of volatility in the crypto space.