The total value of assets locked (TVL) on decentralized finance (DeFi) projects recorded a 30% year-on-year decline to drop to its lowest point for this year at $36.95 billion, per data from DeFillama.
While DeFi projects started the year strongly, peaking at more than $52 billion in April, the sector has witnessed six months of consistent underperformance, dragging it to its current low.
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