DeFi TVL Rebounds to $192B: Fewer Users, More Funds?
CryptoNewsTerminal Staff07 Jun, 2024
DeFi TVL Rebounds to $192B: Fewer Users, More Funds?
DeFi’s Total Value Locked (TVL) has rebounded to $192 billion in May, reaching its highest point since February 2022, according to a report by blockchain data platform RADAR. This recovery suggests renewed interest in the DeFi sector. However, the report also highlights a decline in the number of daily unique active wallets (UAWs) in DeFi. This could indicate that either fewer users are depositing more funds, or that the value of DeFi users' portfolios is increasing while its user base is shrinking. Industry experts believe that the decline in UAWs could be attributed to several factors, including market volatility, regulatory uncertainty, and the emergence of alternative investment options. Despite these challenges, the DeFi sector remains resilient and continues to attract interest from both individual investors and institutional players. Overall, the recovery in DeFi TVL is a positive sign for the industry, but the decline in UAWs warrants further observation. It remains to be seen whether DeFi can sustain its growth and attract a wider user base in the long run.
