DeFi Spotlight Q3 2022

Defi protocols have begun to shift in their business life cycle with some decentralised apps (dApps) showing periods of profitability.

  • Total Value Locked (TVL) in Q3 was mostly flat, increasing 3% to $63 billion.

  • Revenues across DeFi in Q3 were $200 million, down 44% QoQ.

  • As predicted in our Q1 report, Layer 2 protocols are accelerating the growth of derivative exchanges.

For the full report, click the button "Download PDF" below.