DeFi may be ‘quietly re-rating’ given outperformance against Bitcoin: Bitwise
DeFi tokens outperformed Bitcoin significantly in June, falling only 4% versus Bitcoin's 22% drop, according to Bitwise. This unusual resilience suggests institutional adoption is stabilizing the sector. Major protocols like Aave generated $900 million annually. Bitwise expects continued DeFi outperformance in Q3, driven by improving token economics and institutional building activity on platforms like Morpho and Jupiter.
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