Analyst: Since the last cycle, TVL of multiple DeFi projects such as Polygon has dropped by more than 90%
02-11 05:30
<p>Odaily News On-chain analyst @0xThoor wrote on X: “Based on the DefiLlama TVL data indicator, many chains in the past few years/cycles are now completely dead:<br/> • Harmony: $1.4 billion -&gt; $1.7 million (-99.9%)<br/> • Aurora: $1.3 billion -&gt; $14 million (-98.9%)<br/> • Moonriver: $380 million -&gt; $2.4 million (-99.3%)<br/> • Canto: $205 million -&gt; $8 million (-96.1%)<br/> • Evmos: $12M -&gt; $300K (-97.5%)<br/> Polygon TVL also fell 92% from $9.9 billion in 2021 to $770 million, while Polygon zkEVM (which was hyped some time ago) had a TVL of only $6 million.<br/> More projects are expected to follow in the coming years.”<br/></p>
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