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The Defiant 2025-01-14 21:27:50

DeFi Dominated in 2024, DappRadar Report Shows

Decentralized finance (DeFi) stole the show in the Dapp industry this year, according to DappRadar. In its 2024 Industry Report , DappRadar found that DeFi was the most dominant category by activity, growing by 532% to a year-end tally of seven million unique active wallets (UAW) and 32% market dominance. Total value locked (TVL) increased 211% to $214 billion. Several factors contributed to this, including memecoins, the launch of AI agents and U.S. Federal Reserve rate cuts that “reignited interest in DeFi lending protocols,” driving investors to platforms like Aave and Compound in search of better rates of return, the report said. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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