22 percent increase in DeFi TVL shows gradual recovery from the Terra network collapse.
The combination of various factors caused the NFT market’s failure to hit a $1 billion transaction volume for the first time since June last year.
The crypto industry is still feeling the effects of the Terra network crash. Consequently, it isn’t surprising that the market is still bearish. However, the latest report by blockchain analytics firm, DappRadar, showed some bright spots.
DeFi’s gradual recovery
The decentralized finance (DeFi) industry is experiencing an overall increase in total worth as the crypto market recovers slowly and steadily. The total value locked (TVL), the basis for measuring the efficiency of decentralized apps (dApps), rose throughout July 2022.
It rose by 22 percent between July 1 and 31, 2022, increasing from $67.3 billion to $82.3 billion. However, it was still some way off its peak of $253.91 billion in December last year. The report also indicated that Ethereum...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...