Aliens TLDR

Leading DeFi protocols, such as Maker [MKR] , Aave [AAVE] , and Curve [CRV] , have witnessed a decline in their Total Value Locked (TVL) over the last few months.

At $2,085 per MKR token at the beginning of April, the crypto market bloodbath in the last three months has imposed a 57% decline on this token.

Within the period under review, the token’s market capitalization also registered a decline from $2.04 billion to $871 million by press time.

Exchanging hands at $56.52 per AAVE token at the time of press, the token fell from a high of $206 recorded at the beginning of April.

The token’s market capitalization also fell from a high of $1.23 billion to $406.62 million within the same period.

Within the last three months, the number of new addresses created on the MKR network registered a high of 260 on 11 May. Since then it has taken on a steady decline.

Standing at 100 at press time, a 61% drop in new addresses has been posted since May. Within the same period, the transaction volume for the token rose gradually to mark a high of 198,000 by press time.

Interestingly, AAVE also saw a high of 446 in the number of new addresses created on its network in mid-May. However, following in the footsteps of MKR, this went on to decline by 59% by press time.