Happy New Year Everyone!

We are very excited for the year to come, ready to innovate and build. Here is an inspiring quote to motivate and wish you the best for 2024:

“Whatever worked in the past, build on it; whatever didn't work in the past, break the chain that binds you to it.”

Marianne Williamson

Inspired by this quote, this year we put together a 2023 DeFi Wrap to recap what happened in the space. Here the highlights:

Is it time for bears to go into hibernation?

Total DeFi TVL grew 110%, with Mainnet TVL reaching $46.768 billion. TVL for the main Layer-2 chains (Optimism, Arbitrum, Base) was $3.30 billion. (Data source: Defi Llama)

The three lending market giants (Aave, Maker, Compound) continued to perform well. Aave strengthened its position as users migrated from v2 to v3. New entrant Spark enjoyed a momentous first few months. (Data source: Defi Llama)

August was the most bearish month. This was proceeded by the most bullish part of the year, peaking in December. (Source: Summer.fi inhouse data)

You can read the full story on The Defiant.

We are also working together with our partners to the next DeFi Report and we need your help to build it. Compile it and if your insights are good, you could get a prize.