#DeFi Revenue Returns to High Levels#
Hot Topic Overview
Overview
DeFi revenue returned 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. Ethena's rapid rise also contributed to the growth in DeFi revenue. The rebound in DeFi revenue suggests the industry is experiencing a resurgence and attracting more new players.
Ace Hot Topic Analysis
Analysis
DeFi revenue returned to 2021 highs in 2023, driven largely 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 Block's data and insights newsletter noted that DeFi is experiencing a comeback year, suggesting that the DeFi space is entering a new growth phase, attracting more user and capital participation.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
DeFi
income
returned
to
2021
high
in
2023
Aave
and
MakerDAO
are
the
main
contributors
to
DeFi
income
growth
New
entrants
drove
DeFi
income
growth
The
DeFi
industry
is
experiencing
a
recovery