Finance redefined: DeFi slowdown worsens, but protocols with revenue could thrive

The majority of the top 100 DeFi tokens have traded green, with many seeing double-digit gains over the past week. Newsletter

Welcome to Finance Redefined, your weekly dose of key decentralized finance (DeFi) news – a newsletter designed to bring you some of the major developments of the past week.

Last week, the DeFi ecosystem saw several new developments related to the DeFi lending crisis as Celsius filed for bankruptcy. At a time when bears are more dominant in today's market, DeFi protocols with a revenue system can thrive.

Lido Finance has announced plans to offer its Ether (ETH) staking services across the entire L2 system. Aave plans to leverage Pocket's distributed network of 44,000 nodes to access on-chain data from various blockchains, and gamers connect to DeFi through the Razer reward partnership.

The majority of the top 100 DeFi tokens have traded green, with many seeing double-digit gains over the past week.

DeFi slowdown worsens, but protocols with revenue and fee sharing could thrive

As the crypto winter drags on, savvy crypto investors have realized that one of the reliable sources of passive income that still exists can be found in protocols that generate revenue and share some of it with their communities respective.

Data from Token Terminal shows that revenue-positive platforms are primarily non-fungible token (NFT) marketplaces like LooksRare and OpenSea.

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