There are some areas in ETH’s journey this year that inspire confidence. Ethereum’s total value locked in ETH deposit contracts just achieved a new historic peak at over 28.7 million ETH.
ETH’s ecosystem maintained some health and top whales have been buying the dip.and other top networks have experienced a significant slowdown in activity as is usually the case under such circumstances.The impact of the current market conditions was evident in multiple facets of the Ethereum network. This includes its TVL, which was a long way from its historic high. It had a total value locked of $21.
Regardless of the slow and negative TVL growth in the last few months, there are some areas in ETH’s journey this year that inspire some more confidence. For example, Ethereum’s total value locked in ETH deposit contracts just achieved a new historic peak at over 28.7 million ETH.
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