The sky has darkened for the DeFi ecosystem in April. According to data from DefiLlama, the Total Value Locked (TVL) has retreated by 10 billion dollars, marking a 7% decline in just one month. A hard blow for the crypto sector, which closed April with 138.6 billion dollars in locked liquidity. Behind these troubling global figures, certain blockchains have suffered particularly heavily.

4 月份 DeFi 生态的天空已经暗下来。 DefiLlama数据显示，锁定总价值（TVL）已回落100亿美元，短短一个月内下跌7%。这对加密货币行业来说是一次沉重打击，截至 4 月份，该行业锁定的流动性为 1386 亿美元。在这些令人不安的全球数字背后，某些区块链遭受的打击尤其严重。

Avalanche and Solana bleed dry in the crypto ecosystem

Avalanche 和 Solana 在加密生态系统中枯竭

In detail, few DeFi projects managed to hold their own in April. Indeed, among the ten most significant blockchains by TVL, Avalanche and Solana have experienced a real ordeal.

具体来说，4 月份几乎没有 DeFi 项目能坚持住。事实上，在 TVL 评选的十大最重要的区块链中，Avalanche 和 Solana 经历了真正的考验。

For Avalanche, the tumble was severe, with a massive exodus of 31.5% of the funds committed on its blockchain! A shock for this otherwise promising crypto ecosystem, which now struggles to rebound.

对于 Avalanche 来说，暴跌非常严重，其区块链上承诺的资金有 31.5% 大量外流！这对这个原本前景光明的加密生态系统来说是一个冲击，但现在它正在努力反弹。

Solana is hardly better off, with a hemorrhage of nearly 30% of its DeFi liquidity last month. A concerning underperformance that raises questions about the resilience capacities of this highly publicized crypto project.

Solana 的情况也好不到哪里去，上个月其 DeFi 流动性流失了近 30%。令人担忧的表现不佳引发了人们对这个广为人知的加密项目的弹性能力的质疑。

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Ethereum holds its ground, Bitcoin and certain L2’s progress

以太坊坚守阵地，比特币和某些 L2 取得进展

While the general trend of crypto was quite bleak in April, some pockets of resistance have nevertheless emerged. Leading the pack, Ethereum has managed to maintain its status as the dominant DeFi blockchain despite a 14.2% decline in its TVL. As proof of its strength, the leading network still captures nearly 69% of the sector’s liquidity.

尽管四月份加密货币的总体趋势相当黯淡，但仍然出现了一些阻力。尽管 TVL 下降了 14.2％，但以太坊仍然保持着 DeFi 区块链的主导地位。作为其实力的证明，领先的网络仍然占据了该行业近 69% 的流动性。

Another ray of hope is that Bitcoin and several Ethereum Layer 2 (L2) projects have gained attractiveness among crypto investors. Driven by renewed ambitions for Bitcoin, the queen of crypto saw its TVL leap by 39% to surpass the one billion dollar mark.

另一个希望是比特币和几个以太坊第 2 层 (L2) 项目已经在加密货币投资者中获得了吸引力。在比特币新的雄心的推动下，这位加密女王的 TVL 跃升了 39%，突破了 10 亿美元大关。

At the same time, L2 blockchains such as BASE (+18.4%), BLAST (+4.4%), or Arbitrum have confirmed their upward trend. Crypto ecosystems that are increasingly favored by developers wishing to benefit from low-cost and high-performance environments.

与此同时，BASE (+18.4%)、BLAST (+4.4%) 或 Arbitrum 等 L2 区块链也证实了其上升趋势。加密生态系统越来越受到希望从低成本和高性能环境中受益的开发人员的青睐。

Ultimately, this setback in TVL in April may act as a much-needed jolt for the entire decentralized finance industry. A significant challenge, certainly, but also an opportunity to tidy up, clean the crypto market, and start anew on even firmer foundations.

最终，四月份 TVL 的挫折可能会给整个去中心化金融行业带来急需的震动。当然，这是一个重大挑战，但也是一个整理、清理加密市场并在更坚实的基础上重新开始的机会。

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