DeFi TVL Drops Over 30% Since December Peak, Data Reveals The total value locked (TVL) in decentralized finance (DeFi) has plummeted more than 30% since reaching a local high in December, underscoring growing market uncertainty and waning investor confidence. According to data from DefiLlama, DeFi’s TVL currently sits at $94.49 billion, a sharp decline from its $137 billion peak on December 17. The value briefly dropped as low as $88 billion in March.
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NFTs: More Than Just Digital Art Non-fungible tokens (NFTs) have taken the world by storm, offering unique digital ownership on blockchain. While initially popularized by digital art, NFTs extend to gaming, real estate, and intellectual property rights. In Web3, NFTs enable artists to sell directly to consumers, reducing middlemen costs. Play-to-earn games utilize NFTs to provide true asset ownership, allowing players to trade in-game items. Additionally, NFTs are exploring identity verification and event ticketing, showcasing their vast potential. Despite criticism over energy consumption and speculative pricing, innovations like Layer 2 solutions are making NFTs more sustainable for mass adoption.
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Crypto industry is ‘cooked’ when it comes to dealing with hacks, money laundering – ZachXBT ZachXBT shows hopelessness regarding security measures and incident response by centralized and decentralized services. Blockchain investigator ZachXBT has raised concerns about the crypto industry’s ability to address security breaches and illicit fund movements following his involvement in freezing funds from the recent Bybit hack.
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