**DeFi's second round of growth potential: macroeconomic factors help, the industry has a bright future**
BlockBeats news, on October 1, investment management company Apollo Crypto released an exciting report highlighting the second round of growth potential of decentralized finance (DeFi). The report pointed out that macroeconomic factors such as the recent interest rate cuts by the Federal Reserve and China's credit expansion will become key drivers of DeFi growth.
After the peak of the "Summer of DeFi" in 2020, the market's heat has subsided. However, protocols such as Maker, Uniswap and Aave have gradually become mainstream players in the industry. As of now, DeFi's total locked value (TVL) is about US$105 billion, showing that the market still has strong vitality.
The report specifically mentioned the construction of DeFi infrastructure, saying that "the past few years have focused on building cryptocurrency infrastructure" to establish "a lot of cheap block space." This allows decentralized applications (DApps) to access block space at "higher performance speeds" and greatly reduces transaction costs on L2 expansion solutions.
This means that as the infrastructure improves, users will be able to participate in the DeFi ecosystem at a lower cost and higher efficiency. This is undoubtedly good news for users who are interested in DeFi but are troubled by high transaction fees and slow transaction speeds.
Of course, the market is always full of variables. Although macroeconomic factors and infrastructure improvements provide strong support for the future development of DeFi, investors still need to be cautious. After all, market volatility and uncertainty still exist.
So, what do you think about the future of DeFi? Do you think these macroeconomic factors can really drive DeFi to a second round of growth? Welcome to share your views in the comment area and discuss together! 😊
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