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01 March 2021

DeFi sees second-largest liquidation in history as crypto market dips | CryptoSlate

DeFi sees second-largest liquidation in history as crypto market dips | CryptoSlate


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Yesterday’s decline of the crypto market has triggered the second-largest wave of liquidations in decentralized finance’s (DeFi) history as a total of $24.1 million worth of positions got wiped, according to metrics platform DeBank.

Additionally, the total dollar value locked (TVL) in the DeFi sector dropped from $44.5 billion to $38.5 billion yesterday, according to DeBank.

MicroStrategy, for example, now has $3.465 billion worth of BTC, whereas yesterday the value of its assets was estimated at $4.1 billion.

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