The latest analysis data from Dapprader shows that in the second quarter of 2023, the total lock-up volume of DeFi dropped to 77.6 billion US dollars, a quarter-on-quarter decrease of 7.1%.
Ethereum is still the leader in the DeFi space, although the total DeFi lock-up on the Ethereum chain decreased slightly by 2% from the previous quarter.
On the other hand, in early June, the U.S. Securities and Exchange Commission filed a lawsuit against Binance and claimed that Polygon (MATIC) was a security. This event had a significant impact on the two major blockchains, BNB and Polygon.
The total lock-up volume on the BNB chain dropped sharply by 19%, the most severe contraction among all the statistical blockchains, and the total lock-up volume on the Polygon chain dropped by about 8%, further proving the huge impact brought by the US regulators .