DeFi enjoys a prolific start to 2023: Finance Redefined

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Coin Telegraph 1 mo ago

DeFi enjoys a prolific start to 2023: Finance Redefined - Coin Telegraph

Quick Summary:

DeFi marks a perfect entry into 2023 with a bullish January and TVL nearing $50 billion.

Aside from the bull rally, January also saw a 93% year-on-year decline in losses from DeFi exploits and hacks.

In its latest monthly report, DappRadar outlined the growth of the DeFi sector alongside rejuvenated nonfungible token (NFT) markets, which have also had upticks in trading volume and sales.