DeFi flashes early signs of recovery as retail and institutional entries trickle

© Reuters.

Decentralized finance (DeFi) has struggled so far in 2022, and data from Messari shows that the top ten DeFi assets are currently down 10% to 50% year-to-date.

The top ten DeFi tokens by market capitalization. Source: Messari

One positive is that the situation could change soon as funds have started to return to the DeFi ecosystem after a month of declines, as data shows institutional and retail funds are returning to the crypto markets.

Total value locked in DeFi. Source: Llama Challenge
Monthly DEX volume per project. Source: Dune Analysis
Top dApps based on GMV. Source: Token Terminal
Total number of DeFi users over time. Source: Dune Analysis

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