Despite the fact that almost all crypto markets are currently falling and losing value, the DeFi market is still showing increased interest and growth in users.
Therefore, we currently see two contrasting situations in the DeFi market, namely the rapidly growing number of users, which reach almost 3M, but at the same time a decrease in the value of TVL below the magical limit of $ 50B.
Total DeFi users is currently 2.84M, which is an increase since the beginning of this year when they were only about 90K by 3065%.
As for the indicator, which is tracking Total Value Locked in DeFi, we can see the opposite scenario, namely the fall below the mentioned limit of $ 50B.
Total Value Locked in DeFi lost -43% to date from its ATH ($ 86.37B) measured in May. At the time of writing, TVL in DeFi was $ 49.06B.