REPORT: Fed Rate Cut, China Credit Expansion & Key Agreements Drive DeFi Recovery

On Oct. 1, Apollo Crypto reported that DeFi's recovery has been fueled by the Federal Reserve's interest rate cuts, credit expansion in China and improvements in DeFi infrastructure. The report noted that the Fed's interest rate cuts have created a more attractive investment environment for risky assets such as bitcoin and ethereum, while the People's Bank of China's easing policy has supported DeFi growth. In addition, key infrastructure improvements in DeFi protocols such as Aave and Uniswap, as well as new tools such as cbBTC introduced by Coinbase, are attracting more capital to the DeFi space.