DeFi Pulse: the volume of cryptoassets blocked in DeFi protocols decreases

Dollar value of crypto acts, Defi blocked in the protocols, I began to decline. This happened for the first time since then, how in the summer the boom of decentralized finance began.

During the summer and the first two months of autumn, the decentralized finance industry (DeFi) It grew quickly. Investors blocked billions of dollars in smart contracts of Defi protocols.

However, now the growth rate of the industry has begun to slow down. According to Defi Pulse, dollar value of crypto acts, Defi blocked in the protocols, At the end of October was less, than at the beginning of the month.

Over the past five months, the cost of crypti -activists blocked in the Defi Activas has grown by almost a billion every week. At the beginning of the year, this indicator barely exceeded $1 billion, while 18 September he achieved $13.2 billion.

According to Defi Pulse, 1 October in Defi protocols blocked crypto assets on $11.28 billion, but 31 October - on $11 billion. Moreover, in August, the total amount of blocked assets increased more, than twice: from $4.04 billion to $9.37 billion.

Defi market growth may be due to that, that some protocols are not so profitable, As before. Besides, Many new projects are not so large, as existing, And they start not so fast.

According to the recently published joint report by the analytical company Dappradar and the Monday Capital Foundation, most DeFi projects are highly centralized due to the token distribution model.