Data: Or affected by multiple project collapses, the total value locked (TVL) in lending protocols across the network has plummeted by nearly 12 billion dollars

According to DefiLlama data, the total value locked (TVL) in lending protocols across the network is currently reported at $68.342 billion, a decrease of $11.96 billion from $80.302 billion.

During the same period, the total market capitalization of stablecoins also saw a significant decline: a decrease of 0.71% in the past week, with a market cap reduction of $2.17 billion.