In the last 2 months, more than $50B TVL has been wiped out from DeFi ecosystem.



TVL peaked at $172B and today we’re sitting at $120B.

people think this is the end of DeFi.
It’s not.

this is the clean-up phase triggered by retail greed before major run.

some of the strongest DeFi protocols are now sitting at cycle-low prices while continuing to ship and grow revenue:

$AAVE $EIGEN $PENDLE $ENA
AAVE-0.12%
EIGEN-0.54%
PENDLE-0.79%
ENA-1.76%
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