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DeFi

State of DeFi Q1 2024

Apr 18, 2024 ⋅  8 min read

This report consolidates and examines the quarterly and month-over-month performances of leading DeFi applications. It comprehensively analyzes market capitalizations, TVLs, DEXs, lending protocols, perpetual DEXs, Liquid Staking Tokens (LSTs), stablecoins, and bridges.

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Toe is a technical research analyst at Messari specializing in DeFi coverage. Before joining Messari, he worked as a data scientist at both Celsius Network and IBM. Toe graduated from the University of Michigan School of Information.

Kinji is a former research analyst covering crypto at Morgan Stanley. His primary interests are DeFi, Infra, and unstable stablecoins.

About the authors

Toe is a technical research analyst at Messari specializing in DeFi coverage. Before joining Messari, he worked as a data scientist at both Celsius Network and IBM. Toe graduated from the University of Michigan School of Information.

Kinji is a former research analyst covering crypto at Morgan Stanley. His primary interests are DeFi, Infra, and unstable stablecoins.