Berachain DeFi TVL Plummets: $3 Billion Mark Reached

The total value locked (TVL) in Berachain’s DeFi ecosystem has experienced a significant decline, falling below the $3 billion mark. According to data from DefiLlama, the TVL currently stands at $2.985 billion, marking a 14.6% decrease from its peak of $3.495 billion. The top three protocols contributing to this drop are Infrared Finance, a liquid staking protocol, Kodiak, a decentralized exchange (DEX), and BEX, another DEX within the ecosystem. Berachain’s DEX has recorded a 24-hour trading volume of $117 million, while stablecoin market capitalization within the ecosystem is estimated at $1.029 billion.