Despite the total value locked (TVL) decline, according to the report, certain sectors of the defi market still 'show a very optimistic trend.' tvl defiprotocols
Despite the market conditions that prevailed in much of 2022, decentralized finance still demonstrated its greater scaling potential than that of the traditional financial industry, a new report has said. Even though the total value locked dropped from the peak of $180 billion in Dec. 2021, to just over $50 billion by end of Oct. 2022, certain sectors of the defi market still “show a very optimistic trend.
As shown by the report’s data, the TVL, which peaked at $180 billion in Dec. 2021, dropped from just under the $150 billion seen around May 2022, to just over $50 billion in late October. Despite this TVL decline, according to the report, certain sectors of the defi market still “show a very optimistic trend.”Concerning the extent of adoption, the report acknowledges that there has been a slowdown in the growth rate in 2022 when compared to 2021 .
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