#Crypto2025Trends

Decentralized finance (DeFi) took some hits in the previous cycle, but a more sustainable and resilient ecosystem has emerged. Lending protocols are hitting all-time highs in total value locked (TVL), while decentralized exchanges (DEXs) are pushing their share of trading volumes – relative to centralized exchanges (CEXs) – to unprecedented levels. Innovative user applications like decentralized physical infrastructure (DePIN) and prediction markets are leveraging DeFi primitives to enable novel experiences. Moreover, the shift in the US regulatory landscape and the adoption of onchain verification could help provide a clear path for traditional institutional investors to participate in DeFi. All of this suggests that DeFi could extend its reach in the near future