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Billions exited DeFi protocols last week, but newcomers like Cronos Chain show growth

Although total value locked (TVL) across all platforms dropped over 4% last week, Avalanche (AVAX) and Cronos Chain (CRO) defied the DeFi marketโ€™s downturn.

Billions exited DeFi protocols last week, but newcomers like Cronos Chain show growth

Photo by Mackenzie Marco on Unsplash and Elise from Pexels

Total value locked (TVL) across all platforms went down from $273 billion to $261,2 billion last week, according to DeFiLlama.

At the time of writing, Cronos Chain TVL hovers around $781 million, up almost 41% during the past 7-day period.

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