Gate Decentralized Finance Daily ( October 11 ): TVL plummeted by 12% under Trump's tariff impact; UNI and multiple coins fell over 20%.On October 11, the crypto market experienced a rare big dump, triggered by President Trump threatening to impose a 100% tariff on Chinese goods, which rapidly heightened market risk aversion. BTC briefly fell to $111,000, while ETH remained fluctuating above $3,800. The total locked value (TVL) of DeFi across the network plummeted to $146.898 billion, with a daily decline of up to 11.64%. The trading volume on major DEX platforms surged to $33.352 billion, indicating extreme market volatility and strong liquidity demand during extreme conditions. Leading protocols such as Aave, Lido, and EigenLayer collectively saw their TVL drop by over 10%, while DeFi zone tokens generally suffered significant declines, with MYX, UNI, and INJ leading the falls.
MarketWhisper·10-11 09:46