DeFi Sentiment Rattled as Steep TVL Decline Hits Every Major Blockchain
DeFi Sentiment Rattled as Steep TVL Decline Hits Every Major Blockchain
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The decentralized finance (DeFi) sector is experiencing a significant decline in Total Value Locked (TVL), a trend driven by weakening market activity and exacerbated by major security breaches. Notable incidents include a $120 million exploit targeting Balancer and a $93 million loss at Stream Finance, contributing to a broader negative sentiment across major blockchains.
The DeFi TVL decline was driven by weakening market activity and amplified by two major security breaches, including a $120 million Balancer exploit and a $93 million loss at Stream Finance.