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<p>DeFi is seeing broad market weakness, but on-chain activity remains substantial.

📉 Market cap: $71.59B (-1.76% in 24h)
💰 24h trading volume: $5.19B
🔒 Total Value Locked: $164.5B
⚡ Protocol fees: $15.35M in 24h

Only 120 of 500 tracked DeFi tokens posted gains, while Hyperliquid accounts for 27% of the sector's token market cap.

The takeaway? Token prices are under pressure, but DeFi continues to generate meaningful trading activity and protocol revenue.

Market sentiment may be weak, but on-chain fundamentals tell a more nuanced story.</p>

DeFi is seeing broad market weakness, but on-chain activity remains substantial.
📉 Market cap: $71.59B (-1.76% in 24h)
💰 24h trading volume: $5.19B
🔒 Total Value Locked: $164.5B
⚡ Protocol fees: $15.35M in 24h
Only 120 of 500 tracked DeFi tokens posted gains, while Hyperliquid accounts for 27% of the sector's token market cap.
The takeaway? Token prices are under pressure, but DeFi continues to generate meaningful trading activity and protocol revenue.
Market sentiment may be weak, but on-cha

DeFi is seeing broad market weakness, but on-chain activity remains substantial. 📉 Market cap: $71.59B (-1.76% in 24h) 💰 24h trading volume: $5.19B 🔒 Total Value Locked: $164.5B ⚡ Protocol fees: $15.35M in 24h Only 120 of 500 tracked DeFi tokens posted gains, while Hyperliquid accounts for 27% of the sector's token market cap. The takeaway? Token prices are under pressure, but DeFi continues to generate meaningful trading activity and protocol revenue. Market sentiment may be weak, but on-chain fundamentals tell a more nuanced story.

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