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The global DeFi total value locked (TVL) has been struggling since April, and with the recent bear storm , it has dropped to a 31-month low. According to data provided by DeFi Llama, the total decentralized finance (DeFi) TVL has been constantly dropping since April from a local top of around $52.9 billion. Consequently, the TVL has dropped to $37.6 billion, last seen in February 2021. DeFi TVL – Sep. 5 | Source: DeFi Llama Moreover, the TVL of the top 12 DeFi protocols dropped by 0.92% in the past 24 hours on average, with the top loser spot going to Curve Finance, which fell by 2.1%.  Per DeFi Lama, the leading decentralized protocol remains Lido with a $14 billion TVL. Data shows that Lido has accumulated roughly $1.5 million in fees in the past 24 hours. You might also like: USDT’s market cap drops for the first time in 2023 The recent drop in the global DeFi TVL comes as the total crypto market capitalization saw a 0.8% decline over the past day. According to data

Traders have top assets like Bitcoin and Ethereum on their radar at the moment. Even though other cryptos like Dogecoin have been rallying, they have seemingly “ignored” them. Solana , however, continues to be keenly discussed by community members. Tremors of the Robinhood and Revolut’s delistings were felt within the Solana ecosystem. Nevertheless, SOL has managed to put that behind already. Owing to its 20% appreciation in the last 7 days, SOL was the sixth largest gainer on the weekly at press time. On the NFT front, Solana has been putting its best foot forward. Data from CryptoSlam indicated that Solana dethroned Bitcoin on NFT sales volume this week. Owing to the Ordinals’ mania, Bitcoin displaced Solana and other blockchains to stand next to Ethereum a couple of weeks back. However, with the help of its 271% sales uptick, Solana currently holds the 2nd spot. Over the past week, $41 million worth of NFTs were settled on its blockchain, with a mere 2.1% coming from wash t