DEX trading volume in the past 30 days totaled $93 billion

According to reports, DeFiLlama data showed that the TVL of DeFi protocol dropped to 41.7 billion US dollars, of which Lido ranked first with 8.41 billion US dollars, MakerDAO ranked second with 7.03 billion US dollars, and AAVE ranked third with 4.37 billion US dollars. The TVL on the Ethereum chain fell to US $25.31 billion, and the index fell by 7% in the past 30 days (on February 11, the value was US $27.2 billion).

Interpretation of this information:

The DeFiLlama data shows that the Total Value Locked (TVL) in DeFi protocols has decreased to $41.7 billion. Out of the top three protocols, Lido is ranked first with $8.41 billion followed by MakerDAO with $7.03 billion and AAVE with $4.37 billion. The TVL on the Ethereum chain also saw a decrease down to $25.31 billion, with a 7% decline in the last 30 days. On February 11th, the estimated value was $27.2 billion.

This data report shows that the value locked within DeFi protocols is decreasing. This implies that there is a lower level of confidence in the technology and the growth has slowed. Decreases in the TVL signal that there may be a declining interest in the DeFi market, or that users are allocating funds to higher-return opportunities elsewhere, such as the NFT market.

However, the decline in TVL does not necessarily mean it is the end of the DeFi industry, as there are still many ways to stimulate and support this industry’s growth. For example, collaborating with traditional banks and financial institutions can create new liquidity pools, spark new developments in DeFi innovation, and draw in more institutional investors to the market.

Overall, the decline in the TVL of DeFi protocols raises questions about the future of DeFi, and the perceived value it brings to investors globally.