The market capitalization of Coin has evaporated by 70 percent from $ 3 trillion in November last year to $ 1 trillion this month.

Last month, Luna and Terra poured oil into the plunge, and this month, with the US’s sharp rise in interest rates

DeFi(Decentralized Finance) Platform Celcius Network ‘Coin Run(Investor Loss)’

“There is a demand for money exchange at a time” and some predict that 60% of cryptocurrency hedge funds will go bankrupt.

Governments in each country are also putting on regulatory drives: The European Union has passed legislation in parliament that bans algorithm Stable Coin altogether

This is triggering debates over the opening of the Web 3.0 era with the NFT (Non-fungible token) led by the blockchain network, a virtual asset-based technology