Gauntlet TVL Declines 22.84% in a Week to $1.325 Billion as a Certain CEX Promotional Activity Ends

GateNews

2026-03-20 01:08:24

Gate News reports that on March 20, the total value locked (TVL) in DeFi risk management platform Gauntlet decreased by 22.84% over the past week, currently standing at $1.325 billion. This decline of approximately $380 million was mainly due to the end of a pre-deposit promotion on Katana Chain by a certain CEX, rather than broader market pressure. The outflow was primarily stablecoins. Gauntlet stated that short-term fluctuations after the end of incentive programs are common, and institutional risk managers are capable of handling these fluctuations. The company previously managed $775 million in USDT deposits in October 2025 and recovered within 10 days.

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