The total value locked in big smart contracts has remained above $60 billion, which is an all-time high. The DeFi market is dominated by Compound, which contributes $10.94 billion, or 18.20% of the TVL. Aave, Maker, and SushiSwap are among the other DeFi protocols that are down 18.09 percent, 15.62 percent, and 21.52 percent, respectively. These DeFi token dumps are strikingly similar to Bitcoin's price retracement of 11.60 percent in the last 24 hours.