DeFi Lending and DEX Fees Slump as Leverage Drains Out After June Selloff
Fees across DeFi's largest lending protocols and decentralized exchanges fell by as much as much as 65%, a broad contraction that lending and credit-market operators attribute to leverage
➤ DeFi lending and DEX fees saw a significant drop (up to 65%) following a June selloff, attributed to leverage unwinding rather than a structural market break. ➤ The contraction is seen as a deleveraging reset, with variable rates and fees naturally falling as risk appetite cools and fewer attractive opportunities exist for borrowed capital. ➤ Industry experts suggest the next phase of sustainable onchain yield will come from financing real-world assets (RWAs) that generate cash flow from economic activity.
