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DEFI DOMINANCE HITS THREE-YEAR LOW The DeFi market dominance has reached a three-year low, dropping from 3.82% to 2.84% following last week’s market sell-off. Since September 2022, DeFi’s market share has steadily declined, with year-to-date dominance down by 29%, as attention… https://t.co/l1GEsPwv3b
DEFI MARKET SHARE PLUMMETS TO THREE-YEAR LOW AS MEMECOINS AND ETFS GAIN FAVOR DeFi’s share of the cryptocurrency market has fallen to its lowest level since January 2021, with dominance declining from 3.82% to 2.84%. The shift in market focus toward memecoins and institutional… https://t.co/Y7NFX7RyeA
DeFi as the sector with the strongest product-market fit in crypto reached 3-year low lately relative to global crypto market cap. I expect this to bottom out over the coming months and make a great comeback as we enter a new interest rate cycle. https://t.co/oOd7iy2IDN
The decentralized finance (DeFi) sector has witnessed a significant decline in its market share, reaching its lowest level in three years. DeFi's dominance in the cryptocurrency market has decreased from 3.82% to 2.84%, marking a steady decline since September 2022, with year-to-date dominance down by 29%. This downturn is attributed to a broader global crypto market decline and a shift in investor focus towards memecoins and exchange-traded funds (ETFs). Despite the current slump, some industry experts anticipate a potential recovery as new interest rate cycles begin.
