Solana DeFi Sees Almost $700M in Value Wiped Out on FTX Fallout

At their peak last November, decentralized finance (DeFi) applications stored more than $10 billion on the Solana network, its popularity being led by high-flying proponents including Sam Bankman-Fried, the founder of the FTX crypto exchange, Multicoin Capital, Sino Global Capital and other venture funds.

Sourced from cryptonews.net.

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