#DeFi Revenue Returns to High Levels#

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Hot Topic Overview

Overview

DeFi revenue rebounded to 2021 highs in 2023, driven largely by new entrants. Aave and MakerDAO were standout performers, with MakerDAO hitting an all-time high in December. The rapid rise of Ethena also contributed to the growth in DeFi revenue. This trend suggests that the DeFi space is experiencing a resurgence and attracting more users and investors.

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Analysis

DeFi revenue returned to 2021 highs in 2023, driven by new entrants. Aave and MakerDAO were particularly strong performers, with MakerDAO hitting an all-time high in December. Ethena's rapid rise also contributed to the growth in DeFi revenue. The rebound in DeFi revenue suggests that the DeFi space is experiencing a resurgence, with new participants and innovations driving its growth. Despite the downturn in 2022, the strong performance in 2023 indicates that DeFi remains a vibrant space with significant growth potential.

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Classic Views

DeFi revenue returned to 2021 highs in 2023.

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Aave and MakerDAO were the main drivers of DeFi revenue growth.

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New entrants were a significant factor in DeFi revenue growth.

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DeFi is experiencing a resurgence and showing strong growth momentum.

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