<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-05/e349be7f-cdfd-450d-9704-e3c87f3f29a6.JPG"></p><p>The total value locked in DeFi protocols fell below $50 billion after nearly a month of bullish price action.</p>