According to Wu Blockchain, data from DeFiLlama shows that as the market declines, DeFi TVL has dropped over $57 billion from its early October peak of $171.99 billion to $114.609 billion, a decline of more than 30% in less than two months. Over the past month, leading DeFi protocols like Lido, EigenLayer, and Ethena have all seen their TVL drop by more than 20%.