The sudden value drop stemming from Terra’s native assets, LUNA and UST, has affected decentralized finance a great deal. DeFi
Decentralized finance protocols are having a hard time weathering the storm, as the total value locked in defi today is down 39.26% since April 3, from $230.18 billion to the current $139.81 billion. The sudden value drop stemming from Terra’s native assets, LUNA and UST, has pushed Lido down to the third-largest TVL position in defi, losing 19.42% in 24 hours. Anchor Protocol has slipped down to the 12th largest TVL position, losing 66.34% in the 24-hour timeframe.
One of the only defi protocols that has seen its TVL rise over the last week is Tron’s Sunswap as it’s up 10.69% during the past seven days. Dydx managed to see its TVL rise by 0.80% this week and Arrakis Finance jumped 4.48% higher this week.
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