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Total value locked in DeFi dropped by 66%, but multiple metrics reflect steady growth

The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since March 2021. While this 66% contraction is worrying, a great deal of data suggests that the decentralized finance (DeFi) sector is resilient. The issue with using TVL as a broad metric is the lack of detail that is not shown. For example, the number of DeFi transactions, growth of layer-2 scaling solutions and venture capital inflows in the ecosystem are not reflected in the metric. In DappRadar’s July 29 Crypto adoption report, data shows that the DeFi 2Q transaction count closed down by 15% versus the previous quarter. This figure is far less concerning...

Rexxie – Ginger Me ft Midas & Zinoleesky

Check out this brand new song coming from Rexxie – “Ginger Me” ft Midas & Zinoleesky out now.  Award-winning Nigerian music producer, Rexxie unleashes this new song titled “Ginger Me” and he features Midas & Zinoleesky. The record is lifted off his debut studio album “A True Champion“. From the start of the beat, we can tell this one would be worth your listening pleasure. The featured artist put in a decent effort on the track. For his debut album, Rexxie picked a long list of music stars within Nigeria and outside. Some of the featured stars are Naira Marley, Davido, Zinoleesky, Sho Madjozi, Sarkodie, Bella Shmurda etc. Listen, enjoy Rexxie – “Ginger Me” ft Midas & Zinoleesky below & share. [embedded content] You Deserve to Make Money Even When you are looking f...