Graph shows the Total value locked in decentralized finance (defi) according to defillama.com data on Sunday, February 27, 2022.
The total value locked in decentralized finance (defi) has managed to jump above the $200 billion zone, as crypto markets have rebounded from the market downturn last week.
- via news.bitcoin.com
If you can remember the market was going on a downward trend since last week but it is starting to climb back up now.
The drop is said to be related to the war between Russia and Ukraine, but economy recovered after investors probably realized that crypto has nothing to do with the war (not war can affect crypto)