Quick TakeDeFi protocol treasury valuations across the board have fallen significantly along with the broader crypto markets during the ongoing downturn.The reduction in treasury valuations could be attributed to the asset compositions, where native protocol tokens take up a large majority of treasury value and are subjected to volatile price swings.Protocol revenues have been compressed due to weaker market sentiment and lowered interest in DeFi, as reflected in the 70% drawdown in total DeFi TVL.
