Evil May for DeFi

The month of May turned out to be a very frustrating one for the DeFi segment. According to DeFi Lama, the total value of blocked funds (TVL) fell by more than 40% to $111.4 billion for the month.

The main reason, of course, was the collapse of Terra and UST, taking $28,000,000,000 from the markets. The Ethereum network also lost almost $40,000,000,000, Avalanche lost $5,000,000,000, Binance Smart Chain $3,000,000,000.

At the same time, Tron's TVL rose 43%, making it third among protocols in terms of the amount of money tied up in them, according to DeFi Lama.