Yields just crashed 58%... and DeFi TVL still climbed to $117.9B. Make it make sense.
While the average APY got cut to 244%, fresh capital isn't leaving โ it's just getting extremely picky about where it lands.
Base vacuumed up another $120M. Solana, Ethereum and Tron all pulled meaningful inflows. At the same time, a Morpho-powered vault ripped 93% TVL in basically one day.
The flip side? Some of the noisiest narratives from last month are now watching money walk out (Berachain and MegaETH both in the red).
This isn't yield season ending.
This is DeFi maturing in real time: dumb money chases yesterday's highest number, smart money is already positioned where usage emissions inflows are actually lining up.
The 16k vaults aren't all dying equally. Some are quietly building the next leg.
If you're still farming right now, which chain or protocol actually has your conviction this week? Drop it below ๐
I want to see who's positioned vs who's still chasing ghosts.
#DeFi #Base #Solana #Ethereum #Morpho #ApyPulse #Web3 #Yield