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 ChallengeMonthly DEX volume per project. Source: Dune AnalysisTop dApps based on GMV. Source: Token TerminalTotal number of DeFi users over time. Source: Dune Analysis
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