DeFi TVL has contracted 8.2% over the past 72 hours to $87.3B, with Lido dropping 4.1% and Aave shedding 6.7% in absolute value locked. This isn't panic—it's mechanical: ETH and SOL collateral repricing downward forces liquidation cascades in overcollateralized protocols. Watch whether TVL stabilizes at $85B support or breaks lower.
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