Examining DeFi funding over the past three months

Quick Take

  • Over the past three months, we have identified at least 36 DeFi applications that received funding for their projects
  • In aggregate, roughly $100 million was allocated to DeFi projects, with an average deal size of approximately $3 million, and a median deal size of $1.8 million
  • One of the most dominant trends or 25% of all investment deals was providing capital to applications that are either being built on protocols other than Ethereum or providing an interoperable bridge to other protocols
Decentralized Finance (DeFi) is largely an incentive-based system. As new projects pop up and dole up their tokens to liquidity providers, users flock between different applications to chase the highest yield opportunities.  In most cases, these incentives that provided users with hundreds to thousands of APY were not sustainable. As incentives and yield opportunities began […]

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