The last few months in crypto has shown that decentralized finance (DeFi) is no stranger to a chilling winter – or bears, for that matter. The total value locked across decentralized finance has fallen to about $50 million, around one-third of its former
The last few months in crypto has shown that decentralized finance (DeFi) is no stranger to a chilling winter – or bears, for that matter. The total value locked across decentralized finance has fallen to about $50 million, around one-third of its former high watermark in May 2022. While the question on DeFi’s potential to progress into a disintermediated and immutable financial system remains, there have been some meaningful progressions.