• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Bitcoin Pushes Higher – $120K Next Milestone in Sight

2025-07-11

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

2025-07-10

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Bitcoin Pushes Higher – $120K Next Milestone in Sight

    2025-07-11

    Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

    2025-07-10

    How To Mine Bitcoin At Home

    2025-07-10

    Time Is Running Out to Accumulate Bitcoin at These Levels

    2025-07-09

    Korea Goes ALL IN On Crypto: ETFs, Institutions, XRP & More!

    2025-07-09
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»DeFi»Smart Contract Tokens and Defi Sector Suffer Steep Losses, Threatening TVL to Fall Below $40 Billion
DeFi

Smart Contract Tokens and Defi Sector Suffer Steep Losses, Threatening TVL to Fall Below $40 Billion

2023-06-10No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


DeFi


The overall value of the crypto economy has dropped by more than 5% against the US dollar in the past 24 hours, with the top smart contract token sector losing more than 8% in the same time frame. The downturn has also affected the decentralized finance (defi) sector, with the total value locked in defi today awfully close to dropping below the $40 billion range after shedding 5.65% in value over the last day.

TVL Nears the $40 Billion Range, Three Tokens Record Heavy Losses

The total value locked (TVL) in decentralized finance (defi) has decreased by 8.97% from $47.12 billion on June 5 to $42.89 billion on June 10, 2023, at 8:30 a.m. (ET). This loss amounts to approximately $4.23 billion in five days. The majority of these losses occurred during the last day, as the crypto economy and the top smart contract coin sector have seen a steep drop in the last 24 hours.

TVL statistics from defillama.com on June 10, 2023, at 8:30 a.m. (ET).

The total market capitalization of the top smart contract token economy is currently $312 billion, but it has lost 8.6% of its value since yesterday. Three tokens, namely cardano (ADA), solana (SOL), and polygon (MATIC) have lost more than 20% of their value since Robinhood announced that it would delist these coins on June 27, 2023. Ethereum accounts for $209 billion of the total market capitalization of $312 billion.

The TVL in defi has not been this low since March 12, 2023, when it was at $42.51 billion. The TVL had been above $40 billion since January 8, but it is now awfully close to falling below that level. All of the top ten defi protocols have seen losses in the last 24 hours and seven days. Only Lido Finance has recorded gains in the last 30 days, defillama.com’s defi statistics detail.

See also  Curve’s Unfortunate Incident Made The Mainstream DeFi Tokens All Fell Sharply

Coinbase’s Wrapped Staked Ether protocol lost the most this week, with a 10.75% decrease. Instadapp also lost 9.59% in the past seven days. Ethereum’s 814 different defi protocols account for 55.88% of the market share at 8:30 a.m. on Saturday, out of the $42.89 billion locked. Tron is the second largest blockchain in terms of TVL size, with a 12.25% market share. Ethereum and Tron are followed by Binance Smart Chain (BSC), Arbitrum, and Polygon.

The three tokens that Robinhood decided to delist have experienced significant losses in terms of TVL over the past seven days. Solana lost the least, shedding 5.99% this week, while Polygon saw a loss of around 14.90%. Cardano’s TVL in defi took the biggest hit, losing 32.57% in the last seven days.

If the smart contract token economy continues to lose value, the TVL in defi will follow suit and may fall below the $40 billion mark. However, since the crackdown on centralized crypto exchanges, there has been a significant increase in defi activity and decentralized exchange (dex) trade volumes. The largest dex by trade volume, Uniswap, has benefited the most from the influx of dex trades since the recent U.S. Securities and Exchange Commission (SEC) lawsuits against Binance and Coinbase.

Will the recent downturn in the crypto market be a temporary setback for smart contract tokens and defi, or is it a sign of deeper troubles ahead? Share your thoughts and predictions on the future of the crypto economy and its impact on defi in the comments section below.


Billion contract DeFi fall losses Sector Smart Steep suffer Threatening Tokens TVL
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

What Is DeFi Staking? Everything You Need to Know

2025-07-07

Bybit and North Korean hackers headline $2.1 billion crypto hacks in H1

2025-06-27

Smart Money or Dumb Moves? 🤔💸

2025-06-24
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Metaverse

The Future of VR: Sony’s Innovative Real-World Integration Approach

2023-08-15

Sony has recently unveiled a new VR headset patent. By utilizing audio cues emitted by…

Videos

5,000 Bitcoin For ONLY $5?!?

2024-02-27

Sign Up Here for the CT Club! https://learningcrypto.com Pete Rizzo Tweet thread: …

Altcoins

AVAX faces double roadblock ahead of Fed decision

2023-06-14

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Bitcoin Pushes Higher – $120K Next Milestone in Sight

2025-07-11

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

Tokenized Stock EXPLOSION: Solana RWAs & Equities Will TAKE OVER!

2025-07-10

How To Mine Bitcoin At Home

2025-07-10
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 117,644.52
ethereum
Ethereum (ETH) $ 2,944.75
xrp
XRP (XRP) $ 2.75
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 685.81
solana
Solana (SOL) $ 160.54
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.198038
tron
TRON (TRX) $ 0.300355
staked-ether
Lido Staked Ether (STETH) $ 2,944.05
bitcoin
Bitcoin (BTC) $ 117,644.52
ethereum
Ethereum (ETH) $ 2,944.75
xrp
XRP (XRP) $ 2.75
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 685.81
solana
Solana (SOL) $ 160.54
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.198038
tron
TRON (TRX) $ 0.300355
staked-ether
Lido Staked Ether (STETH) $ 2,944.05