PANews March 10 news, according to Cointelegraph, since Trump was elected as the US President in November 2024, the total value of cryptocurrencies locked in DeFi protocols (TVL) has completely given up the previous gains. Analyst Miles Deutscher pointed out that since the US election, DeFi TVL once soared to US$138 billion on December 17, but by March 10 it had fallen back to US$92.6 billion. As the meme coin craze faded, Solana became the target of public criticism, but Ethereum also faced challenges in the recent cycle and failed to set a record high, while Bitcoin broke through $109,000 on the day of Trump's inauguration (January 20). DefiLlama data shows that Ethereum's TVL has fallen by US$45 billion from the cycle high. Despite positive developments in the industry, such as the launch of spot ETFs in the United States and Trump's signing of an executive order to establish a strategic Bitcoin reserve, Ethereum's historical high of US$4,787 in November 2021 has not been broken so far.