Pro
DeFi

DeFi Sector Brief: November 8, 2023

Kunal GoelNov 8, 2023 ⋅ 4 min read

Key Insights

  • While most DeFi tokens had a positive month, those with recent fundamental improvements outperformed. THORChain, Osmosis, and Chainlink were among the top performers.
  • Solana’s ecosystem benefitted from its recent price rally. Its cumulative TVL hit $1 billion with liquid staking protocols, Marinade and Jito, becoming its largest protocols by TVL.
  • After a quiet Q3, an improving market sentiment led to growth in DEX volumes and stablecoin yields.

DeFi Screener

Powered by Messari Screener

Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Get an edge with
Blockworks Intel
Upgrade For $4,500/Yr
Upgrade to unlock 300+ industry leading reports from our researchers, including:
Have questions?Schedule a Demo

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
  • SOL Ecosystem Screener
  • 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