Odaily News Since Trump was elected as the US President in November 2024, the total value of cryptocurrencies locked in DeFi protocols (TVL) has completely given up its previous gains. Analyst Miles Deutscher pointed out that since the US election, DeFi TVL soared to $138 billion on December 17, but fell back to $92.6 billion by March 10. DefiLlama data shows that Ethereum's TVL has fallen by $45 billion from its cyclical highs. Despite positive developments in the industry, such as the launch of spot ETFs in the United States and Trump's signing of an executive order to establish a strategic Bitcoin reserve, Ethereum's all-time high of $4,787 in November 2021 has not been broken so far. (Cointelegraph)