Trading volume on decentralized exchanges fell to $52.8 billion in August, down 15.5% from July, VanEck said in a research report.
The paper writes that the MarketVector Decentralized Finance Leaders Index (MVDFLE), which is designed to track the performance of the most liquid DeFi assets, was down 21% in August, compared with Bitcoin and Ethereum.
According to analysts, the unsatisfactory results are due to the fact that the UNI token, which makes up approximately 30% of the index, fell by 33.5%. Investors sold assets hoping to profit from its growth in July, the report said.
Other tokens that count toward MVDFLE performed slightly better, with MKR, AAVE, and LDO returning 6%, 14%, and 15%, respectively.
The total value of locked assets (TVL) in the DeFi sector decreased by 8% in August, from $40.8 billion to $37.5 billion. At the time of writing, this figure is $38.7 billion, according to DeFiLllama:
Let us recall that earlier, a representative of the US Commodity Futures Trading Commission, Summer Mersinger, expressed concern about the increased pressure of the regulator on the DeFi sector.
