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Analyst: TVL of multiple Decentralized Finance projects, including Polygon, has dropped over 90% since the last cycle.
DailyNews
Odaily Planet Daily News On-chain analyst @0xThoor wrote in X, ‘Based on DefiLlama TVL data indicators, many chains of the past few years/cycles are now completely dead:’ $1.7 million (-99.9%) • Aurora: 13 billion US dollars -> 14 million US dollars (-98.9%) $2.4 million (-99.3%) 8 million dollars (-96.1%) $300,000 (-97.5%) Polygon TVL has also decreased by 92% from $9.9 billion in 2021 to $770 million, while the TVL of Polygon zkEVM (which was heavily promoted some time ago) is only $6 million. In the next few years, it is expected that more projects will follow suit.
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