Gauntlet's TVL has decreased by 22.84% over the past seven days, which it attributes to the end of OKX's pre-deposit promotion.

CoinFeed reported on March 20th that, according to CoinDesk, the total value locked (TVL) of DeFi risk management giant Gauntlet has decreased by 22.84% over the past seven days to $1.325 billion, a reduction of approximately $380 million from its peak a week ago. Gauntlet stated that the main driver of this decline was the end of OKX's pre-deposit activity on the Katana chain, rather than overall market pressure, with the outflowing assets primarily consisting of stablecoins. Gauntlet stated that the end of incentive activities, token issuance, and changes in market conditions regularly cause short-term volatility, and institutional risk managers manage these events. Gauntlet has previously experienced large-scale fund fluctuations. In October 2025, its USDT vault absorbed a single deposit of $775 million, recovering to pre-activity levels within ten days.