DeFi economic activity drops 15% in August —VanEck

According to has A analysis Since investment director farm VanEck, exchange volume through Challenge protocols decreases has $52.8 billion In August, 15.5% lower that In July.

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THE decentralized finance (Challenge) ecosystem has suffered more reverse In August as in chain economic activity decreases. According to has A analysis Since investment director farm VanEck, exchange volume decreases has $52.8 billion In August, 15.5% lower that In July.

THE results are base on VanEck MarketVector Decentralized Finance Leaders Hint (MVDFLE), which tracks THE performance of THE the biggest And most liquid tokens on Challenge protocols, including Unisawp (UNITED), Pool DAO (YES), Maker (MKR), Aave (AAVE), THOR channel (RUNE), And Curve DAO (CRV).

The Challenge Hint underperformed Bitcoin (BTC) And Ether (ETH) In August, fall 21% In THE month, Remarks THE report. THE results were exacerbated by United token negative performance of 33.5%, as investors sold disabled tokens has capture earnings Since July.

Another key metric For THE ecosystem, THE total value locked (TVL) decreases 8% In August, Since $40.8 billion has $37.5 billion, slightly overperforming Ethereum ten% slump In THE month.

Decentralized exchange volume In August. Source: VanEck / DéfiLlama

Even However Challenge tokens had poor performance In August, THE ecosystem witnessed positive developments all along THE month, argues THE analysis. These developments include Uniswap Laboratories