The total value locked (TVL), in decentralized finance (Defi), fell 25.5% to $42.12 Billion from $55.94 Billion on November 5th. The failure of FTX had a significant effect on decentralized finance (Defi), as total value locked (TVL in Defi) has lost 25.5% in just 37 days. TVL currently has a value of $42.12