Due to the collapse of Terra and its stablecoin TerraUSD Classic (USTC) in May, the market cap of the DeFi market fell from $142 million to $36 million in the second quarter of this year, a 74.6% drop, but user activity remained relatively resilient.
In addition, analysis data shows that the total value locked in DeFi also fell slightly from last week, falling to $56.45 billion this week. Data from Cointelegraph Markets Pro and TradingView show that the top 100 DeFi tokens by market capitalization performed mixed this week. Qi, some fell sharply, while others recorded double-digit gains. Among them, Aave (AAVE) rose 30% in the past week, followed by Uniswap ( UNI ), which rose 23%, and Compound (COMP) in the past week. Up 19%, while Curve DAO Token (CRV) has also gained 15% over the past 7 days.