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DeFi

DeFi Sector Brief: December 4, 2023

Kunal GoelDec 4, 2023 ⋅ 4 min read

Key Insights

  • DeFi tokens had another strong month, with price growth across subsectors. THORChain and Osmosis were the key outperformers among the majors.
  • Real-world assets and tokenization have become important narratives and are likely to remain so as long as real-world yields are higher than crypto’s native yields.
  • Activity on Ethereum Layer-1 was muted, perhaps due to higher gas fees. DeFi applications on L2s and alt-L1s fared better.

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Kunal Goel

77 Reportskunalgoel

Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.

Mentioned Assets
Outline
  • Key Insights
  • DeFi Screener
  • Revanchist Wealth Accumulation
  • DeFi Chartbook
Author
Kunal Goel
Kunal previously worked in equity research and now considers himself a financial analyst in crypto. He specializes in valuation and bottom-up analysis for Layer-1 and DeFi protocols because he has yet to learn of a way to value NFTs.
77 Reportskunalgoel
Mentioned Assets