Ethereum’s total value locked dropped 27% to $97 billion in February, as the broader decentralized finance sector fell from $217 billion to $168 billion amid liquidity outflows.
Decentralized finance‘s total value locked fell by nearly 23% in February, dropping from $217 billion to $168 billion as market volatility, liquidity shifts, and capital outflows pressured key protocols, says DappRadar’s analyst Sara Gherghelas.
In a recent research report, Gherghelas pointed out that Ethereum (ETH), which holds nearly 60% of DeFi’s liquidity, saw its TVL fall 27% to $97 billion in February. The decline was mainly due to lower liquidity in liquid staking protocols, the analyst notes. However, despite the decline, Ethereum’s dominance in this area “remains unchallenged,” per Gherghelas.
Solana (SOL) suffered the largest losses in February as its TVL…
