DeFi Spotlight Quarterly

This quarterly publication will look at the key trends, metrics, and the overall health of the DeFi ecosystem. The highlights from this quarter's report are as follows:

  • Total Value Locked (TVL) decreased 70% to $70 billion, mostly due to a fall in token prices rather than withdrawals.

  • Growth in Stablecoin supply and growth of DeFi TVL are highly correlated.

  • Rehypothecation of assets for Q2 peaked at 27% but is now less than half of that.

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