Analysis: DeFi protocol TVL fell 16% in the past week, but it is not "capital flight"
Odaily reported that the total locked value (TVL) of DeFi protocols has seen significant fluctuations in the past week, dropping from $140.95 billion on December 17 to $117.76 billion on December 20, before rebounding to $122.06 billion on December 26. Meanwhile, the market capitalization of stablecoins has remained relatively stable, fluctuating around $240 billion since December 1. The stark difference between TVL and stablecoin market cap suggests that the decline in TVL is primarily due to the depreciation of crypto asset prices, rather than a fundamental shift in user behavior or capital outflow from DeFi protocols. (cryptoslate)
