According to crypto data platform DefiLlama, the entire DeFi market trading volume has hit its lowest since Jan.
BTC On the other hand, the continuous decline, which started at $ 31,800, continues to affect many data. The DeFi industry was particularly affected by this situation. DefiLlama, which stands out with its data sharing for the crypto industry, DeFiannounced that the market has been at the lowest level of the last 7 months.
Huge drop in total locked value
The total locked value (which measures the amount of capital held across all DeFi protocols) TVL ), fell from $45.3 billion to $42.9 billion in July as the industry failed to deflect against falling asset prices. During this period, Ethereum ( ETH) fell from $1,920 to $1,850, while Bitcoin ( BTC) failed to break the $ 31,500 resistance and wicked under $ 29,000.
DeFi, one of the areas most affected by the depreciation of BTC, has come to $ 42.9 billion, not only in its own field, but also in the sector. On this side, the ongoing data with a downward trend will directly affect DeFi-based projects and companies in the coming days. In this case, naturally, the crypto industry can be negatively affected.
