[Market News] According to Golden Finance, data from The Block shows that DeFi dominance has fallen to its lowest level in three years, from 3.82% on Monday to 2.84% on Friday. This is the lowest point since early January 2021, close to the level before the "Summer of DeFi" in 2021.
Since September 2022, DeFi dominance has gradually declined, and despite occasional rebounds, it has fallen to 4.47% by early 2024. The performance of sectors such as memecoin and the launch of ETFs for BTC and ETH have attracted institutional interest, resulting in uncertain performance of DeFi tokens. DeFi dominance has fallen by 29% this year, and market participants have weakened their interest in it.