DeFi Sector Sees 38% Surge Amid US Policy Shift
The DeFi sector has seen a significant jump of nearly 38% since August 17 as investors reassess how US crypto policy could affect protocol revenue and token value.
This surge is attributed to the shift in US policy, which is unlocking the potential for token value capture. SoSoValue notes that this rally is moving DeFi closer to a market where fees, buybacks, and on-chain activity can play a larger role in how tokens are valued.