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DeFi Spotlight Quarterly

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The materials on this website or any third-party websites accessed herein are not associated with and have not been reviewed or approved by: (i) Valkyrie Funds LLC dba CoinShares, its products, or the distributor of its products, or (ii) CoinShares Co., its products, or the marketing agent of its products.

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.

 

Written by
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CoinShares
Published on11 Jul 2022

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