Odaily Planet Daily News DeFi dominance (a measure of the percentage of DeFi market capitalization in the global cryptocurrency market capitalization) has fallen to a three-year low. After last week's market-wide sell-off and the subsequent relief rebound, the DeFi index fell from 3.82% last Monday to a low of 2.84% last Friday, marking the lowest level of DeFi dominance since early January 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 indicator had fallen to 4.47%. In 2024, sectors such as Meme coins outperformed the market, and the launch of Bitcoin and Ethereum spot ETFs also attracted institutional interest in these assets. As a result, most DeFi tokens are in an uncertain state, resulting in a 29% drop in DeFi dominance so far this year, and market participants have little interest in the performance of most DeFi tokens. (The Block)