DeFi Total Value Locked Falls to $128.6 Billion in Q1 2025
As of Q1 2025, the crypto market is showing significant declines. Key points include:
- DeFi Total Value Locked (TVL) decreased to $128.6 billion from $177.4 billion in Q4 2024.
- The total crypto market cap fell by 18.6%, losing $633.5 billion.
Bitcoin Performance
- Bitcoin's dominance rose to 59.1%, despite underperforming relative to traditional assets like US Treasury bills and gold.
Ethereum TVL Performance
- Ethereum's TVL dropped from $112.6 billion to $72.7 billion, a decrease of 35.4%.
Performance of Other Altcoins
- Solana's TVL decreased by 23.5%, while Base dropped by 15.3%.
- BeraChain experienced growth, increasing its TVL to $5.2 billion, becoming the sixth largest in DeFi TVL share.
Meme Coins Situation
- The launch of meme coins TRUMP and MELANIA led to a surge in token releases, but many faced significant sell-offs.
- The LIBRA coin, linked to Argentina's President Javier Milei, was rug-pulled shortly after launch.
- The number of tokens released on Pump.fun declined towards the end of Q1.
The developments reflect the volatility in the DeFi and meme coin markets, with investor sentiment and political events impacting performance. Attention will be on the potential recovery of DeFi as Q2 progresses.