The total value locked (TVL) in DeFi protocols has risen to $57.4 billion. Lido leads with $23.1 billion, followed by Maker ($8.4 billion) and AAVE ($7.2 billion).<\/p>\n TVL in Ethereum applications has increased<\/a> to $32.9 billion. Trading volume on decentralized exchanges (DEX) over the past 30 days amounted to<\/a> $94.6 billion.<\/p>\n Uniswap continues to dominate the non-custodial exchange market, accounting for 55.4% of total turnover. The second largest DEX by trading volume is PancakeSwap (18.5%), followed by Curve (8.2%).<\/p>\n Analysts at Fidelity believe<\/a> that institutions will renew their interest in DeFi products if yields in traditional finance decline due to the policy of the Fed<\/span>.<\/p>\n They noted the increase in the key rate in the US as a factor driving institutions away from the crypto industry towards safer traditional fixed-income instruments.<\/p>\n According to the report, DeFi platforms are susceptible to hacks and exploits and have complex user interfaces.<\/p>\n \n\u201cIn an environment of prevailing risk aversion, institutions found the yields offered by protocols too low for the associated risks,\u201d the study states.<\/cite><\/p><\/blockquote>\n In 2024, as this disparity decreases and infrastructure develops, institutional investors are expected to show interest in DeFi, analysts predicted.<\/p>\n This could be supported by the approval<\/a> of spot Bitcoin ETFs, the popularization of RWA, and growing demand for scalable infrastructure for dapps<\/span>.<\/p>\n![\"111-73\"](\"https:\/\/forklog.com\/wp-content\/uploads\/111-73-1024x549.png\")
Fidelity Sees Benefits for DeFi in Potential Fed Rate Cuts<\/strong><\/h2>\n
Aave Community Backs Integration of PayPal’s PYUSD Stablecoin<\/strong><\/h2>\n