Terra’s Fall Creates Ripples Among DeFi Networks

Terra’s Fall Creates Ripples Among DeFi Networks


CryptoNewsZ
2022-05-16 10:56:13

The impact of Terra plummeting to $0 has crossed the ecosystem and created a chain reaction that brought down several DeFi networks and applications. Statistics confirm that the total TVL of the DeFi ecosystem lost nearly $100 million, fueled by this event. The current crisis is seen as a blow to the trust investors had …