News on July 26, according to data from DefiLlama, the trading volume of the entire DeFi market on Sunday was only 1.12 billion US dollars, reaching the low of the year.
Additionally, DeFi TVL dropped from $45.3 billion to $42.9 billion in July. Among them, Conic Finance became the biggest loser. The protocol lost 1,700 ETH in a reentrancy attack last week.
The deal’s individual TVL fell 65% to $42 million from $125 million.
Coincidentally, on Tuesday, EraLend, the largest lending protocol in the zkSync ecosystem, suffered another reentrancy attack, causing a loss of $3.4 million.
Several other DeFi protocols have also seen outflows this month, with liquidity staking protocol Ankr, NFT lending service BendDAO, and Arbitrum-based DEX Chronos seeing TVL drops of as much as 50%.
Major DeFi protocols like Curve Finance, Blur, and MakerDAO have also all lost more than 15% of their TVL over the past month. Although most DeFi failed to profit in the relatively stable large market, several protocols emerged as winners.
EigenLayer saw new inflows following the launch of its rehypothecation protocol, while Lybra Finance and Solana-based Marinade Finance continued to show strong growth, with TVL increases of 73% and 45%, respectively.