Cairo Overtakes Rust in Terms of Total Value Locked: Defi Llama By CoinEdition

• Solidity’s TVL has dropped from $179.49 billion to $50.4 billion.
• Cairo has overtaken Rust in terms of market cap.
• ETH is now trading at $1,194.46 following a 2.39% drop over the last 24 hours.

The total crypto market cap has dropped by 1.85% over the last 24 hours according to CoinMarketCap. This has brought the global crypto market cap down to $797.69 billion at press time.

The global crypto market cap has plummeted below $800 billion in what will go down in crypto history as the worst bear cycle yet. This bear cycle has also seen the Total Value Locked (TVL) nosedive for several smart contract based projects.

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