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Bearish
Decentralized finance (DeFi)
Though its magnitude was relatively small, DeFi extended its downtrend for the seventh consecutive month, with a 0.36% fall in total value locked (TVL). Notably, Tron saw strong performance in September, with its TVL increasing by 25% for the month. Mixin Network recorded a significant decline of over 60% due to a $200M exploit that contributed to overall decreases in DeFi TVL.
TVL share of top blockchains
Though its magnitude was relatively small, DeFi extended its downtrend for the seventh consecutive month, with a 0.36% fall in total value locked (TVL). Notably, Tron saw strong performance in September, with its TVL increasing by 25% for the month. Mixin Network recorded a significant decline of over 60% due to a $200M exploit that contributed to overall decreases in DeFi TVL.
TVL share of top blockchains
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