A Look at DeFi Treasuries and Protocol Revenues
Quick Take
- DeFi protocol treasury valuations across the board have fallen significantly along with the broader crypto markets during the ongoing downturn.
- The reduction in treasury valuations could be attributed to the asset compositions, where native protocol tokens take up a large majority of treasury value and are subjected to volatile price swings.
- Protocol revenues have been compressed due to weaker market sentiment and lowered interest in DeFi, as reflected in the 70% drawdown in total DeFi TVL.
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Author: Alex Ho
