The performance of the top five DeFi protocols in the month of March has been a mixed bag. While MakerDAO, Aave, and Lido all saw notable price appreciations, Curve and Uniswap suffered a significant decline in their TVLs. MakerDAO and Aave registered a 5.91% and 15.58% increase respectively, resulting in current TVLs of $7.63 billion and $5.5 billion. Lido constituted the highest gain, leading to a current TVL of $10.8 billion. On the other hand, Curve and Uniswap declined by 8.47% and 4.95%. Consequently, their TVLs stand at $4.68 billion and $3.95 billion, respectively. This development has occurred in a turbulent market atmosphere wherein the DeFi ecosystem registered a value of $49.94 billion. This figure has fluctuated significantly, dropping as low as $42.97 billion at the middle of the month before rebounding relatively.



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