The total volume in DeFi stood at $5.98 billion, 9.49 percent of the total crypto market 24-hour volume. The volume of all stablecoins was at $56.28 billion, which is 89.35 percent of the total crypto market 24-hour volume.
Bitcoin and Ether have struggled since U.S.-based lender Celsius Network this month said it would suspend withdrawals. Cryptocurrencies were further rattled by the apparent insolvency of crypto hedge fund Three Arrows Capital, which a person familiar with the matter told Reuters has entered liquidation.
Many of the industry's recent problems can be traced back to the spectacular collapse of so-called stablecoin TerraUSD in May, which saw the stablecoin lose almost all its value, along with its paired token.
As of 7.55 am on July 08, these are the prices of largest cryptocurrencies (data from WazirX):
| NAME | PRICE (INR) | 24H % |
| Bitcoin | 17,45,978 | 7.11% |
| Ethereum | 99,922.9 | 6.98% |
| Tether | 80.53 | -0.77% |
| Cardano | 39.0000 | 4.96% |
| Binance Coin | 19,496.00 | 3.26% |
| XRP | 27.0600 | 4.07% |
| Polkadot | 590 | 5.9% |
| Dogecoin | 5.6000 | 0.53% |
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