Golden Finance reported that according to data from The Block, DeFi dominance (a measure of the percentage of DeFi market value in the global cryptocurrency market value) has fallen to its lowest level in three years, from 3.82% on Monday to a low of 2.84% on Friday. This is the lowest point of the index since early January 2021, just before the sharp appreciation before the "Summer of DeFi" in 2021. Since DeFi dominance was about 4.8% in September 2022, this figure has gradually declined, with occasional small rebounds. By the beginning of 2024, this proportion had fallen to 4.47%. In 2024, sectors such as memecoin outperformed the market, and the launch of ETFs for BTC and ETH also attracted institutional interest in these assets. As a result, most DeFi tokens are in an uncertain state. This has caused DeFi dominance to fall 29% so far this year, and market participants have little interest in the performance of most DeFi tokens.