Crypto Market

DeFi's Stress Test: Decentralized Finance Protocols Face Liquidation Cascades in Turbulent Market

DeFi

DeFi's Stress Test: Decentralized Finance Protocols Face Liquidation Cascades in Turbulent Market

The decentralized finance (DeFi) sector has recently endured a severe stress test, characterized by significant market downturns and cascading liquidations that have sent ripples through the entire cryptocurrency ecosystem. This turbulent period, highlighted by colossal liquidation events exceeding $1.7 billion in leveraged cryptocurrency positions within a mere 24 hours

By MarketMinute