No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Decentralized finance, or DeFi, is still big, though not in the numbers it was a year ago. In 2021, the number of users surged 545% as cryptocurrencies surged against the backdrop of a phenomenal bull market.
DeFi stats for 2022 show user growth declining amid a year-long cryptocurrency winter, but the sector saw a 31% increase in user numbers. Quarterly user growth latest report On the growth of DeFi with HashKey Capital.
As HashKey Capital analysts highlighted in a recent report, DeFi is not only invading the traditional financial and TradFi markets, but also carving out new markets of its own. The trend is linked to a blue ocean market, the report noted, where new and innovative services in the DeFi sector are capturing demand and driving steady user growth.
Decline in total value locked (TVL) now below $40 billion. Defilamathe full story of decentralized finance over the past year has yet to be told.
Overall, user wallets across DeFi segments such as decentralized exchanges (DEX), lending, collateralized debt positions (CDP), bridges, staking and yields surpassed 5 million in Q3 2022. rice field. DeFi user he is estimated to exceed 5.5. It is projected to reach $1 million by the end of Q4 2022, growing 8% during the quarter.
Looking at market prices, most assets in this space have plummeted in value, with the DeFi index contracting 76% compared to Ethereum’s 65% decline. But despite this, the project has taken advantage of the crypto winter to build and improve its product to attract more users.
The sector also sees continued investment from venture capital. For example, in the first half of 2022, VC invested over $14 billion in 725 projects in the crypto space. Many of these focused on DeFi.
