The total value locked (TVL) in Dogecoin (DOGE)-based DeFi protocols fell to its lowest level since 2023 on Monday, March 11, according to DeFi analytics platform DeFiLlama.

根据Defi Analytics Platform Defillama的数据，Dogecoin（Doge）基于Dogecoin（Doge）的Defi协议中的总价值锁定（TVL）降至3月11日星期一自2023年以来的最低水平。

The data showed that DOGE’s TVL dropped to $2.72 million, suggesting a significant bearish shift in investor sentiment and less liquidity across Dogecoin’s decentralized finance ecosystem.

数据显示，Doge的TVL跌至272万美元，这表明投资者情绪发生了重大的看跌，并且在Dogecoin的分散金融生态系统中流动性较小。

This decline comes amid the broader market downturn sparked by the so-called "Black Monday Sell-Off," which saw the prices of leading cryptocurrencies, including top memecoins, tumbling across the board.

在更广泛的市场下降的原因是，所谓的“黑色星期一抛售”引起了人们的衰退，后者看到了包括顶级纪念物在内的领先的加密货币的价格，全面盘旋。

Dogecoin’s price follows Defi slump

Dogecoin的价格遵循Defi低迷

As panic set in, there were reports of large-scale crypto selloffs and bearish sentiment driving market trends. Dogecoin wasn’t immune to this shift. One report from U.Today highlighted a substantial transfer involving 300 DOGE, which was interpreted as a possible sell-off move.

随着恐慌的态度，有报道称大规模加密抛售和看跌情绪驱动市场趋势。 Dogecoin不能免于这种转变。 U.Today的一份报告强调了一个大量转移，涉及300个Doge，这被解释为可能的抛售举动。

According to CoinMarketCap, Dogecoin’s price had fallen by 23.78% over the last month, reaching around $0.15 at press time, making it one of the biggest losers for the day.

根据CoinMarketCap的数据，Dogecoin的价格在上个月下跌了23.78％，发稿时达到0.15美元左右，使其成为当天最大的失败者之一。

The TVL drop was largely driven by SoSo Value Indexes, a Dogecoin-focused DeFi index, which saw a 26.37% monthly decline in TVL. This was followed by BoringDAO and Thorchain, which recorded 24.04% and 20.16% TVL drops respectively.

TVL下降主要是由SOSO Value Index（一种以Dogecoin为中心的Defi指数）驱动的，TVL每月下降26.37％。其次是Boringdao和Thorchain，分别记录了24.04％和20.16％的TVL下降。

Dogecoin wasn’t the only memecoin to suffer from the market correction. Shiba Inu (SHIB) dropped 10.09% over the past 24 hours. Interestingly, Pepe (PEPE) defied the downtrend, posting a 3.49% price gain during the same period.

Dogecoin并不是唯一遭受市场纠正措施的纪念物。在过去的24小时内，Shiba INU（Shib）下降了10.09％。有趣的是，Pepe（Pepe）违反了下降趋势，同一时期的价格上涨了3.49％。

Despite DOGE’s slumping TVL and price, Coinglass data shows a 68.62% spike in Dogecoin liquidations over the last 24 hours, suggesting that while some are exiting, others may be entering or adjusting positions with high volatility in mind.

尽管Doge的TVL和价格下跌，但Coinglass Data显示，在过去的24小时内，Dogecoin清算的升高为68.62％，这表明有些人正在退出时，有些人可能正在进入或调整具有高波动性的位置。

Investors remain cautiously optimistic about Dogecoin’s long-term potential, even amid the heightened uncertainty across the market.

投资者对Dogecoin的长期潜力保持谨慎的态度，甚至在整个市场上的不确定性增强中。