DeFi’s total value locked surged to $50 billion in October 2022.
Significant venture capital spent around $14 billion on 725 different crypto ventures in the first half of 2022.
Despite the current crypto market conditions, Decentralized finance (DeFi) still proved its higher scaling potential than the traditional financial industry. Some segments of the DeFi industry continue to “display a positive trend,” while the overall value locked fell from its peak of $180 billion in December 2021 to around $50 billion by the end of October 2022.
HashKey Capital, one of the prominent digital asset financial services groups in Asia has released its yearly 2022 DeFi Ecosystem Landscape Report. The research shows, DeFi protocols are robust and are likely to survive in black swan occurrences such as the Terra Luna/UST collapse, bankruptcy of Celsius Network, and FTX crash.
DeFi Market Evolving every day
The research explores the state of the decentralized finance sector and reveals that, desp
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