DeFi TVL drops by 45 billion USD, erasing gains since Trump election

The total value locked (TVL) in DeFi protocols has decreased to 92.6 billion USD, losing gains since Trump’s election. Ethereum notably suffered a decline with around 800,000 ETH or 1.8 billion USD exiting exchanges.

Despite declines, some investors consider Ethereum’s current price a potential buying opportunity. The upcoming Pectra upgrade aims to improve layer 2 functionalities, although it faced initial setbacks during its rollout.

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