💹Market Growth Outlook

According to Metric's report, the total value locked (TVL) in DeFi markets reached $44.6 billion at the end of Q1 2023, up 64% from the end of 2022. Leading DeFi projects include Uniswap, Maker, Aave, Compound and Curve. These projects provide services like trading, lending, collateralization and generate profits for users.

The forecast for 2024 is that the DeFi market may continue strong growth thanks to the popularity of decentralized applications (DApps), support from blockchain platforms like Ethereum, Binance Smart Chain and Polkadot, and participation of traditional financial institutions. However, the DeFi market also faces many risks and challenges like security, regulations, scalability and competition.