Starknet DeFi TVL Falls 73.8% Across Readings After Extended Move

Starknet’s tracked total value locked (TVL) in decentralized finance (DeFi) fell 73.8% between Oct. 21 and Oct. 24, a $116.37 million decline spanning Extended’s settlement move to Arc. TVL measures the dollar value of assets held in decentralized finance applications on a network. The dated readings put Starknet’s TVL at $157.76 million on Oct. 21 and $41.39 million on Oct. 24. Stablecoin market capitalization followed a similar path, dropping from $148.12 million to $36.74 million across those dates, a calculated decrease of about 75.2%. Extended completed its settlement shift from Starknet to Circle’s Arc on Thursday, Oct. 22.