Decentralized finance or DeFi ecosystems are still suffering through crypto winter, according to the analysis firm Messari. As a whole, the industry’s total value locked, or TVL – a key metric that represents collateral and deposits put into blockchain protocols – has been declining. On Ethereum, by far the biggest DeFi ecosystem, TVL dropped by 13% drop to $23 billion over the past 30 days. Optimism and Solana eked out gains.
Source: https://www.coindesk.com/tech/2023/08/09/the-protocol-coinbase-launches-own-blockchain-as-sleuths-scour-paypals-stablecoin-software/?utm_medium=referral&utm_source=rss&utm_campaign=headlines