PANews reported on April 4 that according to DefiLlama data, the total DeFi locked volume (TVL) has dropped by more than 30% from the high of $137 billion in December last year to $94.5 billion, and hit a recent low of $88 billion last month. Analysts believe that this decline is mainly due to macroeconomic pressures and the immaturity of the DeFi ecosystem. Kronos Research CIO Vincent Liu said that market uncertainty has led to a decline in user confidence, a decrease in active addresses in the crypto market, price corrections, and increased competition from other blockchains have further exacerbated this trend.
In addition, US President Trump's trade tariff policy and inflation concerns have also weakened the previous crypto bull market sentiment. Bitcoin prices have fallen from a high of $108,000 in January to about $83,000 at present, while Ethereum has fallen from $4,000 to $1,800. Kevin Guo, research director of HashKey Research, pointed out that DeFi still needs to mature further to achieve deep integration with institutions and financial products, while improving user experience and security.
