This report consolidates and examines the quarterly and month-over-month performances of leading DeFi applications. It comprehensively analyzes market capitalizations, TVLs, DEXs, lending protocols, perpetual DEXs, Liquid Staking Tokens (LSTs), stablecoins, and bridges.






Kinji formerly covered crypto at Morgan Stanley. His primary interests are DeFi, Ponzi's and unstable stablecoins.