Ethereum DeFi ecosystem suffers contraction, TVL down to $47 billion in 2024

Quick Take The total value locked (TVL) in Ethereum’s DeFi ecosystem stands at $47 billion in 2024, a decrease from its peak of $66 billion earlier this year, according to Glassnode. This marks a stark contrast to the peak of 2021, where the TVL hit $110 billion, coinciding with Ethereum’s price reaching over $4,700. In […] source: https://cryptoslate.com/insights/ethereum-defi-ecosystem-suffers-contraction-tvl-down-to-47-billion-in-2024/