As bear market continues in cryptosphere, TVL in DeFi world sledges more than 8%

• In the past 4 days the TVL assets belonging to the DeFi world have decreased by 8.55%, from $255.84 to $233.95 billion. 
• Lido finance registered the top loss of 14% among the top 10 protocols 
• Ethereum DeFi TVL leads the markets with 58.18% dominance. 

As cryptocurrencies pave a wave towards a more decentralized form of economy & Finance, while pacing towards the mainstream adoption, the markets are currently in a gully. Majority of tokens witnessed price dropping flash crashes in late weeks of 2021, while the majority of tokens including Bitcoin are yet to recover. 

The bearish sentiment has continued and is now affecting the overall staking protocols where many of them have recently seen jaw dropping declines in their Total Value Locked (TVL) assets where Defi has reportedly dropped by 8.55%, from $255.84 Billion to currently holding up to $233.95 Billion where in the past 24H alone the DeFi world saw an crash of more than 2%. 

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Although an Ethereum based Curve Finance currently leads the market with 9.84% of market share with 23$ billion of TVL assets. The runners up include Convex Finance, WBTC, Aave etc. However, WBTC & Uniswap lost about 7.63% & 9.44% respectively in consequence to the Bitcoin price levels dropping. 

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Ethereum currently holds the crown in the sector as it has the most TVL belonging to the DeFi world. Ethereum blockchain has accounted for 58.18% of the total aggregate TVL in DeFi while holding $147.9 billion worth of assets. Blockchains like Terra come in second as it holds $16.61 Billion worth of assets, others include Binance with 15.33Bn, Avalanche with 10.93Bn and finally Solana holding TVL worth $10.93 Bn  

Among the top 10 protocols, the biggest weekly drop in TVL was noted by Lido Finance while it dropped by 14.03%. However other minor protocols suffered the loss while Poa network (POA), Gather (GTH) & dusk network (DUSK) have witnessed the most intensity of reds. 

However not all suffered losses as protocols like fuse (Fuse), cypherium (CPH), chainlink (LINK) all saw marginal increases in their TVLs. As the bearishness surrounds the markets, it is expected that staking platforms could be the bearer of worst losses apart from the inherent prices of coins & other forms of tokens.