definity

Crypto: DeFi TVL loses $10 billion in April! What's going on?

The sky has darkened for the DeFi ecosystem in April. According to data from DefiLlama, the Total Value Locked (TVL) has retreated by 10 billion dollars, marking a 7% decline in just one month. A hard blow for the crypto sector, which closed April with 138.6 billion dollars in locked liquidity. Behind these troubling global figures, certain blockchains have suffered particularly heavily.

Avalanche and Solana bleed dry in the crypto ecosystem
In detail, few DeFi projects managed to hold their own in April. Indeed, among the ten most significant blockchains by TVL, Avalanche and Solana have experienced a real ordeal.

For Avalanche, the tumble was severe, with a massive exodus of 31.5% of the funds committed on its blockchain! A shock for this otherwise promising crypto ecosystem, which now struggles to rebound.
Solana is hardly better off, with a hemorrhage of nearly 30% of its DeFi liquidity last month. A concerning underperformance that raises questions about the resilience capacities of this highly publicized crypto project.

Ethereum holds its ground, Bitcoin and certain L2’s progress
While the general trend of crypto was quite bleak in April, some pockets of resistance have nevertheless emerged. Leading the pack, Ethereum has managed to maintain its status as the dominant DeFi blockchain despite a 14.2% decline in its TVL. As proof of its strength, the leading network still captures nearly 69% of the sector’s liquidity.
Another ray of hope is that Bitcoin and several Ethereum Layer 2 (L2) projects have gained attractiveness among crypto investors. Driven by renewed ambitions for Bitcoin, the queen of crypto saw its TVL leap by 39% to surpass the one billion dollar mark.

At the same time, L2 blockchains such as BASE (+18.4%), BLAST (+4.4%), or Arbitrum have confirmed their upward trend. Crypto ecosystems that are increasingly favored by developers wishing to benefit from low-cost and high-performance environments.
#definity

Pepe, the beloved internet frog, is making waves in the crypto market with its unique fusion of meme culture and decentralized finance (DeFi). Showing promising performance lately, Pepe's popularity stems from its community-driven ethos and limited supply, attracting both seasoned traders and newcomers alike. Stay tuned for the latest updates on Pepe's journey in the crypto world! #Pepe #Crypto #MemeCoin #definity
$CRV
$MEME
$PEPE

$ICP $BTC
2024 Predictions: Multiple sources suggest an optimistic outlook for ICP. It is expected to reach a minimum of $35, an average of around $43, and a maximum of $51 by the end of 2024. Another prediction estimates that ICP could hit a target of $43, considering the wave count methodology used for forecasting.

For 2025, predictions range from a minimum of $58 to a maximum of $86, emphasizing a potential for significant growth if market conditions remain favorable. By 2030, the forecast suggests a price target of approximately $77, taking into account a sustained daily growth rate over the years.
#icp #definity #uptober

Bitcoin just surged past $70,000, leaving short sellers behind as $85 million in Bitcoin shorts were wiped out. The bulls are in full force, breaking through a resistance that lasted a month. According to Willy Woo, there's one more hurdle to overcome for a short squeeze to surpass the all-time highs.
$BTC
Some experts even think Bitcoin could reach $100,000 after breaking out on weekly charts. The approval of U.S. Bitcoin ETFs could be the trigger, with important decisions ahead regarding U.S. spot Ether ETFs.
$BTC
On the other hand, Ethereum is trading around $3,700, up 18% in the last 24 hours and 25% for the week. But not everyone is celebrating. Credible Crypto warns that we're facing significant resistance, and reaching new highs might not lead to the next major price surge.

What's your opinion on this? Are you feeling bullish or bearish? Let's chat about it in the comments! 🎉 #Bitcoin❗ #definity #web3trend #CryptoNewss

have you noticed $ICP
you should $check it!
it has its own chain, and one of the best projects!
and did not ath after halfing, yet!
it is getting ready for a bull run.

$ICP #definity
$SOL
#bullish

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