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DeFi's 'Total Value Locked In' Metric Is A Crooked Mirror DeFi (decentralized finance) could boast of only USD 1bn in total value locked in as recently as the beginning of June. This rose by a whopping 860% in the three months to September 2, hitting USD 9.6bn. These figures haven't escaped their fair share of scrutiny, however. Collected by DeFi Pulse, they've been questioned by people within the crypto industry, who suspect
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