Global Lending Protocols See Significant TVL Drop

Recent data from DefiLlama reveals that global lending protocols have experienced a substantial decline in their total value locked (TVL). As of now, the TVL stands at $68.342 billion, marking a decrease of $11.96 billion since November 3rd when it was reported as $80.302 billion. Concurrently, stablecoin market capitalization has also witnessed a notable decline over the past week, dropping by 0.71%, resulting in a reduction of $2.17 billion.