Odaily Planet Daily News Steno Research's latest report predicts that the DeFi market is expected to reach an all-time high in the first half of next year. The report pointed out that the recovery of DeFi is closely related to US interest rates, as the DeFi market is mainly centered on the US dollar. Interest rates are a key factor affecting the attractiveness of DeFi, determining whether investors seek higher-risk decentralized financial opportunities. In addition, the growth in the supply of stablecoins and the reduction in Ethereum network fees are also important factors driving the growth of DeFi. The report also mentioned that the growth of RWAs, such as tokenized stocks, bonds, and commodities, indicates that the market has strong demand for on-chain financial products. (CoinDesk)