The Three Trends That Matter for DeFi in 2023
- By Bilal Hafeez and Dalvir Mandara
- 4 min read
After a torrid 2022, crypto markets have started 2023 with a bang. Yet key debates rage on, such as whether centralisation or decentralisation will drive future crypto adoption. Decentralised finance (DeFi) stands at the vanguard of this argument, and proponents argue that without DeFi, the crypto dream will end. So, what is the current state of DeFi? And what should we track to determine its health? Using DeFi Lama data, we identify three key trends.
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