The powerful weapon that can traverse the bull and bear markets is all you need to watch this: the total market value of stablecoins and the value of DeFi. As long as the on-chain value of DeFi is higher than the market value of stablecoins, it basically indicates that we are at the top of a bull market. When the ratio of TVL to stablecoin market value is around 0.3, it is basically the bottom. #tvl #稳定币