Originally published at: https://www.channel-sea.cc/while-bitcoin-drops-nfts-soar-footprint-analytics-monthly-report-cryptoslate/
December’s crypto market slowdown became a full downturn in January. DeFi activity shrunk while the prices of BTC and ETH dropped. However, one asset grew faster than ever. According to Footprint Analytics, DeFi‘s TVL failed to exceed $300 billion, instead dropping to $204.79 billion, a 22% decline MoM. BTC and ETH crashed again, while NFT…