Digital Assets 1 DeFi TVL drops by $45B, erasing gains since Trump election

Digital Assets
1
Status
Not open for further replies.
N

NewsMaker

Administrator
840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTgwMzItNTgxNS03NTVlLTkyZWQtM2Y2MTY5ODRlYWMw.jpg



DeFi TVL drops by $45B, erasing gains since Trump election

The total value of cryptocurrencies locked (TVL) in decentralized finance (DeFi) protocols has lost all its gains since Donald Trump was elected US president in November 2024.
Following the US election, DeFi TVL rose to as high as $138 billion on Dec. 17, but had retracted to $92.6 billion by March 10, as noted by analyst Miles Deutscher.

Solana has borne the brunt of criticism as its memecoin popularity fades, but Ethereum has faced its own challenges in recent cycles, with Ether (ETH) failing to reach a new all-time high despite Bitcoin (BTC) soaring past $109,000 on Jan. 20, the day Trump took office. Ethereum’s TVL has also dropped by $30.6 billion from cycle highs, DefiLlama data shows.

Cryptocurrencies, Bitcoin Price, Cryptocurrency Exchange, Decentralized Exchange, Market Analysis, Ether Price


Source: Miles Deutscher

Ether’s record high price of $4,787 from November 2021 remains unbroken despite positive industry developments, such as spot exchange-traded funds (ETFs) launching in the US and Trump’s executive order for a strategic Bitcoin reserve.

Related: Bitcoin risks weekly close below $82K on US BTC reserve disappointment

Ethereum’s $1.8 billion weekly net exchange outflow


Nearly 800,000 ETH, worth approximately $1.8 billion, left exchanges in the week starting March 3, resulting in the highest seven-day net outflow recorded since December 2022, according to IntoTheBlock data.

The outflows are unusual given Ether’s 10% price decline during the period, hitting a low of $2,007, per CoinGecko. Typically, exchange inflows signal selling pressure, while outflows suggest long-term holding or movement into decentralized finance (DeFi) applications, such as staking or yield farming.

β€œDespite ongoing pessimism around Ether prices, this trend suggests many holders see current levels as a strategic buying opportunity,” IntoTheBlock stated in a March 10 X post.

Before March 3, Ethereum experienced net exchange inflows daily, indicating that investors were selling during the downturn, said Juan Pellicer, senior research analyst at IntoTheBlock, in comments to Cointelegraph. He noted that ETH’s drop to $2,100 may have triggered accumulation, which then led investors to withdraw funds from exchanges.

Pectra upgrade meets own road bumps


Ethereum’s rollup-centric roadmap has reduced congestion and gas fees but introduced liquidity fragmentation.

The upcoming Pectra upgrade aims to address this by enhancing layer-2 efficiency and interoperability. By doubling the number of blobs, it reduces transaction costs and helps consolidate liquidity. Additionally, account abstraction allows smart contract wallets to function more seamlessly across Ethereum and layer-2 networks, simplifying bridging and fund management.

The Pectra upgrade rollout encountered setbacks on March 5 when it launched on the Sepolia testnet. Ethereum developer Marius van der Wijden reported errors on Geth nodes and empty blocks being mined due to a deposit contract triggering an incorrect event type. A fix has been deployed.

Magazine: Pectra hard fork explained β€” Will it get Ethereum back on track?

Actual Crypto Price of Cryptocurrency on the market now

Bitcoin/USD






Ethereum ETH






Litecoin LTC






Solana SOL






Tron TRX




Contacts for ads and profitable Investments


Click HereπŸ‘ˆ


Read more
 
Status
Not open for further replies.
Buy Advertisement on This Place

Similar threads

Useful Products and Services

Crypto/Currency/Cash Converting Service in Russia B
  • Broker
Crypto/Currency Converting Service is the profitable Money Exchange Office in Russia. Need to get Cash RUBles ? Feel free to ask us about the price and rate.
0.00 star(s) 0 ratings
Released
Buyer in Russia B
  • Broker
Buyer in Russia is the Reliable Service for Transactions by Proxy.
4.00 star(s) 1 ratings
Released
ΠŸΡ€ΠΎΠ΄Π°ΠΆΠ° Π—ΠΎΠ»ΠΎΡ‚Π° B
  • Broker
Π—ΠΎΠ»ΠΎΡ‚ΠΎ - это ΠšΠ»ΡŽΡ‡Π΅Π²ΠΎΠΉ Π—Π°Ρ‰ΠΈΡ‚Π½Ρ‹ΠΉ Актив. Когда хотят Π’Ρ‹Π³ΠΎΠ΄Π½ΠΎ Π’Π»ΠΎΠΆΠΈΡ‚ΡŒ Π”Π΅Π½ΡŒΠ³ΠΈ - Π’Ρ‹Π±ΠΈΡ€Π°ΡŽΡ‚ ΠΏΠΎΠΊΡƒΠΏΠΊΡƒ Π·ΠΎΠ»ΠΎΡ‚Π° Π² Ρ„ΠΎΡ€ΠΌΠ΅ ΠœΠΎΠ½Π΅Ρ‚ ΠΈ Π‘Π»ΠΈΡ‚ΠΊΠΎΠ².
0.00 star(s) 0 ratings
Released
Π“Π°Ρ€Π°Π½Ρ‚ - Π‘Ρ‚Ρ€Π°Ρ…ΠΎΠ²Π°Π½ΠΈΠ΅ Π‘Π΄Π΅Π»ΠΎΠΊ Онлайн B
  • Broker
Π“Π°Ρ€Π°Π½Ρ‚ - БСрвис Бтрахования Π‘Π΄Π΅Π»ΠΎΠΊ Онлайн. ΠŸΡ€ΠΎΠ²ΠΎΠ΄ΠΈΠΌ Π’Ρ‹Π³ΠΎΠ΄Π½Ρ‹Π΅ Π‘Π΄Π΅Π»ΠΊΠΈ Π‘Π΅Π· Риска Π² Π˜Π½Ρ‚Π΅Ρ€Π½Π΅Ρ‚Π΅.
0.00 star(s) 0 ratings
Released
ΠŸΡ€ΠΎΠΊΡΠΈ-ΠŸΠΎΠΊΡƒΠΏΠΊΠΈ НСдвиТимости B
  • Broker
ΠŸΡ€ΠΎΠΊΡΠΈ-ΠŸΠΎΠΊΡƒΠΏΠΊΠ° НСдвиТимости - это Выгодная Услуга ΠžΠΏΠΎΡΡ€Π΅Π΄ΠΎΠ²Π°Π½Π½ΠΎΠ³ΠΎ Π˜Π½Π²Π΅ΡΡ‚ΠΈΡ€ΠΎΠ²Π°Π½ΠΈΡ Π² Активы ΠΈ УправлСния Π‘ΠΎΠ±ΡΡ‚Π²Π΅Π½Π½ΠΎΡΡ‚ΡŒΡŽ.
0.00 star(s) 0 ratings
Released
Proxy Real Estate Investing B
  • Broker
Proxy Real Estate Investing is the Profitable method of Buying Property in Locations with Restrictions for foreign citizens.
0.00 star(s) 0 ratings
Released
GOLD - SALE B
  • Broker
Gold is a Key Safeguard Asset. When people want to Invest Money profitably, they choose to buy gold in the Digital form and Physical Coins & Bars.
0.00 star(s) 0 ratings
Released

Popular tags

Back
Top