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Liquidity providers abandoned SushiSwap

Liquidity providers abandoned SushiSwap

Liquidity providers gave up interest in the decentralized finance market and significantly reduced the cryptocurrency inflow into liquidity pools amid the cryptocurrency market collapse.

According to Kaiko, the liquidity in the USDC/WETH pair has dropped drastically on the decentralized exchange SushiSwap since February. Moreover, the decline in activity was noticed not only in SushiSwap. For example, total capital in DeFi-protocols dropped 45% to $111 billion in the wake of the Terra incident. On the whole, bitcoin is still more liquid than ether.

Recall that over the past week, the cryptocurrency market capitalization lost $200 billion, dropping to $1.2 trillion. At the time of writing this article, bitcoin in BTC/USD was trading at $29,390, and its market capitalization fell to $559 billion. In total, the cryptocurrency market's capitalization was fixed at $1.2 trillion.

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