Berachain DeFi Protocols Experience Decline in TVL

According to BlockBeats, data from DefiLlama indicates that the total value locked (TVL) in Berachain's DeFi ecosystem has fallen below $3 billion, currently standing at $2.985 billion. This marks a 14.6% decrease from its peak of $3.495 billion. The top three protocols by TVL in the Berachain ecosystem are the liquid staking protocol Infrared Finance, and the decentralized exchange (DEX) protocols Kodiak and BEX. The 24-hour trading volume for Berachain's DEX is reported at $117 million, while the market capitalization of stablecoins within the ecosystem is $1.029 billion.