Market turmoil slashes DeFi TVL by $15 billion in 24 hours

DeFi protocols have seen a sharp decline in total value locked (TVL), dropping by around $15 billion in just 24 hours as the broader crypto market faced intense selling pressure. According to data from DeFiLlama, DeFi TVL has fallen to $127.3 billion, marking a $14.64 billion decrease from the $141.87 billion recorded on Feb. 2. […]

Don't got time to read? Listen it & multi task

DeFi protocols have seen a sharp decline in total value locked (TVL), dropping by around $15 billion in just 24 hours as the broader crypto market faced intense selling pressure.

According to data from DeFiLlama, DeFi TVL has fallen to $127.3 billion, marking a $14.64 billion decrease from the $141.87 billion recorded on Feb. 2. When measured from Jan. 31, the sector’s total losses stand at approximately $25 billion.

DeFi Protocols TVL
Graph showing the total value locked across DeFi protocols in 2025 (Source: DeFiLlama)

The data shows that the top 10 DeFi platforms, including AaveLido, and EigenLayer, have been hit hard, each suffering double-digit percentage declines in TVL during the reporting period.

According to CoinMarketCap data, this downturn comes amid a broader crypto market crash that has wiped out around $400 billion from the crypto market since Jan. 31 and sent Bitcoin’s price plummeting to $92,000 earlier today.

Crypto Market Cap
Graph showing the total crypto market cap from Jan. 5 to Feb. 3, 2025 (Source: CoinMarketCap)

The post Market turmoil slashes DeFi TVL by $15 billion in 24 hours appeared first on CryptoSlate.

Latest articles by Glenn Nasta

PEGA Pool is the Powered By Sponsor for Mining Disrupt 2023, Supporting Greener Future for Bitcoin Mining
Codego Crypto Gift Cards
Codego Launches the New Era of Crypto Gift Cards
HJHRE Reports HJH Investments’ First Quarter 2023 Results
Introducing DexCheck: The Future of AI-Enhanced Analytics in Crypto and NFT Markets
Introducing DexCheck: The Future of AI-Enhanced Analytics in Crypto and NFT Markets
Translate »