DeFi Sector Update: Searching for Hope

The average DeFi protocol lost ~60% in market capitalization in the last 90 days. But all hope is not lost – prices are not the only metric to judge the performance of this nascent industry. A more thorough analysis of protocol activity reveals two notable trends from the recent market downturn: the relative stability of DEX performance and the significant increase synthetics adoption thanks to upgrades from the Synthetix protocol.

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