DeFi Weakness Adds Pressure on Ethereum

[cryptoenthusiast]

Ethereum’s total value locked (TVL) dropped 24% in 30 days to $74B, its lowest since July. The decline follows the $120M Balancer exploit, which rattled DeFi confidence.
Meanwhile, DApp revenue fell 18% in October to $80.7M, adding pressure on ETH’s staking yield and overall network activity.

[EmTeam]

DeFi TVL drop shows confidence is still fragile post-ETF hype.

[Rimon Khan]

ETH needs stronger on-chain activity to sustain momentum. ️