DeFi dominance falls to three-year low
DeFi dominance has fallen to its lowest level in three years, with the DeFi index falling from 3.82% to a low of 2.84% on Friday. In 2024, sectors such as memecoin outperformed the market, while the launch of ETFs for BTC and ETH also attracted institutional interest in these assets. This has led to a 29% drop in DeFi dominance so far this year, with market participants showing little interest in most DeFi tokens.
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