FTX? Crypto Winter? - But Some TVLs Keep Rising
Too Long; Didn't Read
Despite the crypto winter, total value locked (TVL) for many DeFi protocols is rapidly rising. Even in the direct aftermath of the FTX collapse.
Most observers agree another winter for crypto began some time between the price drop at the end of 2021 and its further collapse in summer. So why are some protocols bucking the trend, with their TVL going in the other direction?