Odaily Planet Daily data shows that the total locked value (TVL) of the DeFi protocol has fluctuated significantly in the past week, falling from US$140.95 billion on December 17 to US$117.76 billion on December 20, and then on December 26 rebounded to $122.06 billion. Meanwhile, the market capitalization of stablecoins has remained fairly stable, hovering around $240 billion with very little movement since December 1. The difference between TVL and stablecoin market capitalization is significant, suggesting that TVL declines are primarily caused by crypto asset price depreciation rather than fundamental shifts in user behavior or capital flight from DeFi protocols. (cryptoslate)