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Onchain perp DEX volumes fall for five straight months after October peak
📰 sources⭐ 9.0
TL;DR:
Perp DEX daily volume fell to $8. 4 billion on April 4, its first sub-$10 billion level since September and the lowest since July, DefiLlama data shows.
Key Points:
Background:
Decentralized Finance (DeFi) refers to financial services built on blockchain networks that operate without traditional intermediaries like banks. DeFi protocols enable lending, borrowing, trading, and earning yield on cryptocurrency assets through smart contracts.
Why It Matters:
DeFi represents a fundamental reimagining of the financial system, offering permissionless access to financial services globally. DeFi developments impact how value is exchanged, stored, and utilized in the crypto ecosystem, driving innovation in financial products and services.