According to them, developers are doing everything possible to return results and revive success in the sector of decentralized finance (DeFi). According to experts, this ecosystem has been seriously affected and the recent announcement of the launch of “Guardians” will help increase the amount of blocked funds in smart contracts (TVL).

Market researchers noted that the new MultiversX security feature could play an important role for users. Analysts stressed that EGLD accumulations have been steadily growing in the last few weeks as the price of the cryptocurrency has been rising. Despite the fact that after the rebranding, the creators of the protocol released a new roadmap, as well as implemented MultiversX Wallet, xExchange, MultiversX Bridge and xMoney, the TVL indicator dropped to the lowest level since June 2022.