DeFi TVL has completely given back all the gains since Trump was elected as the US president

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ODAILY
03-10
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Odaily reported that since the election of former President Trump in November 2024, the total value locked (TVL) in protocols has fully retraced its previous gains. Analyst Miles Deutscher pointed out that since the US election, TVL had soared to $138 billion on December 17, but had fallen back to $92.6 billion by March 10. data shows that the TVL of has dropped by $45 billion from its cycle high. Although the industry has seen positive developments, such as the launch of a spot in the US and an executive order signed by Trump to establish a strategic reserve, the $4,787 all-time high of set in November 2021 has not been broken since.

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