DeFi Summer is coming back 🚀

1/ Remember "DeFi Summer" 2020? It was a game-changer for the crypto world, with the rise of DEXs like Uniswap and lending protocols like Aave. TVL soared from $600M to over $16B! 🌊

2/ Fast forward to 2021—DeFi hit an all-time high TVL of $210B. But like many new technologies, it followed the hype cycle, leading to a cool-down and plateau. 📉

3/ However, this wasn’t the end. The boring phase built a strong foundation for the next DeFi wave. Developers kept building, making protocols more scalable, secure, and interoperable. 🔧

4/ Today, DeFi 2.0 is thriving, with better UX, cross-chain functionality, liquid staking, RWAs, and even on-chain credit default swaps! 🚀

5/ Since late 2023, DeFi metrics are on the rise again. TVL surged from $41B to a local high of $118B in June '24. It’s a sign we might be at the start of a larger uptrend. 📈

6/ Institutional players like @BlackRock and PayPal are entering the DeFi space, adding legitimacy and pushing adoption. @PayPal PYUSD hit $1B market cap in just one year!

💸

..For more details, please check on Twitter

👉  https://x.com/WhizzleFinance/status/1839542596320047352