The total value locked in DeFi platforms has taken a huge hit over the last week. Falling over 20% since its peak figure of $8.41 billion on the 2nd September 2020 to $6.75 billion in just 4 days.
It signals the first major correction for DeFi protocols after recent unparalleled growth driven by a slew of new products, namely the yield farming craze.
What is happening? DappRadar got this topic covered!