{"id":300058,"date":"2021-07-15T22:09:01","date_gmt":"2021-07-15T19:09:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/analyst-highlights-3-macro-metrics-that-clearly-show-defi-sector-growth\/"},"modified":"2021-07-15T22:09:01","modified_gmt":"2021-07-15T19:09:01","slug":"analyst-highlights-3-macro-metrics-that-clearly-show-defi-sector-growth","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/analyst-highlights-3-macro-metrics-that-clearly-show-defi-sector-growth\/","title":{"rendered":"# Analyst highlights 3 macro metrics that clearly show DeFi sector growth"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c55aac110d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c55aac110d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/analyst-highlights-3-macro-metrics-that-clearly-show-defi-sector-growth\/#Decentralized_exchange_volume_reaches_new_highs\" >Decentralized exchange volume reaches new highs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/analyst-highlights-3-macro-metrics-that-clearly-show-defi-sector-growth\/#Layer-two_protocols_become_more_dominant\" >Layer-two protocols become more dominant<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/analyst-highlights-3-macro-metrics-that-clearly-show-defi-sector-growth\/#Fixed_income_markets_are_the_future\" >Fixed income markets are the future<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Analyst highlights 3 macro metrics that clearly show DeFi sector growth <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Decentralized finance (DeFi) has been one of the hardest-hit sectors since Bitcoin (BTC) price corrected from its all-time high in early May and this can be seen by the decline in the total value locked (TVL) on all protocols.\u00a0<\/p>\n<p>According to data from DeFi Llama, the total value locked in decentralized finance platforms dropped from $154 billion and currently sits at $108.7 billion.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/6aacef04-be55-4172-b279-56780f18e728.png\"><figcaption style=\"text-align: center;\"><em>Total value locked on all DeFi protocols. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/\"><em>Defi Llama<\/em><\/a><\/figcaption><\/figure>\n<p>While the roughly 30% decline in TVL over the past two months looks bad, the year-over-year growth from $2.02 billion to $110 billion represents an increase of 5,500% for the sector as a whole. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Decentralized_exchange_volume_reaches_new_highs\"><\/span>Decentralized exchange volume reaches new highs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the best metrics to help gauge the sentiment within the DeFi ecosystem is the volume traded on decentralized exchanges. <\/p>\n<p>According to data from Messari, the quarterly DEX volume at the end of Q2 2021 was $404.9 billion, the highest value on record. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/a10f3c89-22c5-45a2-890a-b1774f89501b.JPG\"><figcaption style=\"text-align: center;\"><em>Quarterly DEX volume. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/messari.io\/article\/q2-21-defi-review\"><em>Messari<\/em><\/a><\/figcaption><\/figure>\n<p>This represented an 11,751% increase from Q2 of 2020, demonstrating the significant amount of growth seen in DeFi over the past year. It was also an increase of 83% when compared to Q1 of 2021 which is a testament to the amount of growth seen in Q2 despite the market downturn. <\/p>\n<p>DEX volumes were cut in half from $203.5 billion in May to $95.1 billion in June, a figure which still registered as the third-highest monthly volume on record.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-07\/f79e5b0e-0ae9-49dc-af49-32eef5aee528.JPG\"><figcaption style=\"text-align: center;\"><em>Monthly DEX volume. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/messari.io\/article\/q2-21-defi-review\"><em>Messari<\/em><\/a><\/figcaption><\/figure>\n<p>After a brief challenge to its dominance from PancakeSwap (CAKE) in April, Uniswap (UNI) is back on top as the dominant DEX which accounts for more than 40% of all DEX volume. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Layer-two_protocols_become_more_dominant\"><\/span>Layer-two protocols become more dominant<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Another emerging <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">theme<\/a> in the DeFi landscape is the growing prominence of layer-two solutions such as Polygon (MATIC), which help bring increased scaling and lower fees to the Ethereum (ETH) network. <\/p>\n<p>While Polygon has already established itself as one of the go-to layer-two solutions for the Ethereum community, there are several other solutions in the works that could challenge Polygon as the top solution. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Top 5 Ethereum Layer 2 Projects<br \/>1. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon?ref_src=twsrc%5Etfw\">@0xPolygon<\/a> ( <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MATIC<\/a> )<br \/>2. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/omgnetworkhq?ref_src=twsrc%5Etfw\">@omgnetworkhq<\/a> ( <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24OMG&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$OMG<\/a> )<br \/>3. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SkaleNetwork?ref_src=twsrc%5Etfw\">@SkaleNetwork<\/a> ( <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SKL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SKL<\/a> )<br \/>4. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/loopringorg?ref_src=twsrc%5Etfw\">@loopringorg<\/a> ( <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LRC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LRC<\/a> )<br \/>5. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ZKSwapOfficial?ref_src=twsrc%5Etfw\">@ZKSwapOfficial<\/a> ( <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ZKS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ZKS<\/a> )<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/MATIC?src=hash&amp;ref_src=twsrc%5Etfw\">#MATIC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/LRC?src=hash&amp;ref_src=twsrc%5Etfw\">#LRC<\/a><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Polygon?src=hash&amp;ref_src=twsrc%5Etfw\">#Polygon<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/L2?src=hash&amp;ref_src=twsrc%5Etfw\">#L2<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/SKL?src=hash&amp;ref_src=twsrc%5Etfw\">#SKL<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/omgnetwork?src=hash&amp;ref_src=twsrc%5Etfw\">#omgnetwork<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/zks?src=hash&amp;ref_src=twsrc%5Etfw\">#zks<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/MATICnetwork?src=hash&amp;ref_src=twsrc%5Etfw\">#MATICnetwork<\/a><\/p>\n<p>\u2014 Nazeef Iqbal (@IqbalNazeef) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/IqbalNazeef\/status\/1404090485719797761?ref_src=twsrc%5Etfw\">June 13, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Messari, the upcoming Q3 launch of optimistic rollups by Arbitrum and Optimism are \u201cthe most anticipated launches of these solutions\u201d due to their ability to allow \u201cthousands of transactions to be bundled into a single rollup block.\u201d <\/p>\n<p><strong><em>Related<\/em><\/strong><em>: <\/em><em>BarnBridge unveils application to maintain portfolio weightings of ERC-20 tokens<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fixed_income_markets_are_the_future\"><\/span>Fixed income markets are the future<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to Messari, fixed income products are \u201cany instrument that generates a steady and predictable stream of cash flows such as corporate bonds, treasury bills, and fixed-income mutual funds.<\/p>\n<p>The three categories of fixed-income investments include securitization and tranching, fixed-rate lending and borrowing and interest rate swaps. <\/p>\n<p>Examples of some emerging fixed income-focused DeFi protocols include Saffron Finance (SFI), Barnbridge (BOND), Yield (YLD) and Pendle (PENDLE). <\/p>\n<p>Despite the short-term bearish conditions seen across the DeFi landscape, the long-term view shows significant year-over-year growth and building momentum for the sector as a whole as mainstream finance continues to open up to the possibilities offered by DeFi. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/analyst-highlights-3-macro-metrics-that-clearly-show-defi-sector-growth\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Analyst highlights 3 macro metrics that clearly show DeFi sector growth &#8221; Decentralized finance (DeFi) has been one of the hardest-hit sectors since Bitcoin (BTC) price corrected from its all-time high in early May and this can be seen by the decline in the total value locked (TVL) on all protocols.\u00a0 According to data&#8230;<\/p>\n","protected":false},"author":1,"featured_media":300059,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvMWIwMzQ3MmMtMGIxNi00ZGUxLTk4MjMtMzQ4YmYyZTQ4ZmYwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74863,74877,74868,74891,74939,73785],"class_list":["post-300058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-cryptocurrencies","tag-decentralized-exchange","tag-defi","tag-ethereum","tag-market-analysis","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/300058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=300058"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/300058\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/300059"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=300058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=300058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=300058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}