#DeFi Revenue Returns to High Levels#

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Hot Topic Overview

Overview

DeFi revenue returned to 2021 highs in 2023, driven largely by new entrants. Aave and MakerDAO performed strongly, with MakerDAO hitting an all-time high in December. Ethena's rapid rise also injected new life into the DeFi market. The rebound in DeFi revenue suggests the sector is experiencing a resurgence and attracting more investors and users.

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Analysis

DeFi revenue returned to 2021 highs in 2023, driven largely by new entrants. Aave and MakerDAO were standout performers, becoming key drivers of DeFi revenue growth. Ethena's rapid rise and MakerDAO's record high in December both point to a year of resurgence for DeFi. This indicates that the DeFi space is thriving, with new participants and innovations driving revenue growth and offering new hope for its future development.

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Classic Views

DeFi

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income

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returned

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to

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2021

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highs

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Aave

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and

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MakerDAO

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performed

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brilliantly

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new

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entrants

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drove

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the

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growth

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of

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DeFi

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income

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DeFi

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is

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experiencing

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a

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year

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of

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return

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