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breakIng: DEfI sURvIVes 20 biLLiOn wIPEOUT – ICEInG On ThE cA
wait, is DeFi like the gym for crypto or what 🫠? why they talkin bout stress tests like we in a financial war zone
degen energy: aave and hyperliquid flexing their resilience while binance and ethena’s USDe gettin’ side-eyed for technical mish
Crypto markets faced record liquidations during a market plunge, stressing DeFi protocols like Aave, Hyperliquid, and Morpho that held up well. The market turmoil saw $20 billion in leveraged positions liquidated, the largest single-day event witnessed. DeFi protocols mostly survived unscathed, unlike centralized exchanges. Bitcoin and altcoins plunged, but markets later recovered. Binance and Ethena’s USDe faced scrutiny, with accusations of technical mishaps. DeFi protocols like Aave and Hyperliquid showcased resilience, while others faced challenges. Questions remain on the market crash’s true causes.
DeFi withstands stress tests as market chaos wipes out nearly $20 billion
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