25 important stats about the DeFi industry from 2022

On the one hand, DeFi tasks had numerous hacks and one of the vital disastrous collapses in tech/web historical past with Terra. Mixed with macro situations, these components triggered the DeFi market to say no considerably, much more than different blockchain sectors, final yr.

However, you’ll be able to’t have GameFi with out DeFi, and NFT marketplaces are more and more integrating DeFi components like staking and tokenization.

Within the yr’s second half, NFTs and GameFi overtook DeFi in public and investor curiosity. Nevertheless, DeFi is much from useless. Although the overwhelming majority of DeFi tasks ceased to be lively (as this listing will present), a number of protocols and classes carried out effectively, indicating that—weathering the storm up to now—they’re prone to survive the bear market and thrive sooner or later.

Within the spirit of DYOR, we’ve collected an important stats about DeFi from 2022, so you’ll be able to look into the trade. By trying again on the yr, you can also make smarter investments and analyses sooner or later.

9 Stats in regards to the DeFi Market

• The whole TVL in DeFi decreased from $267B firstly of January to $53B by the top of the yr.

The crypto DeFi sector had a tough yr, whose downturn kicked off with Fed fee hikes, exacerbated by the collapse of Terra and continued hacks, collapses, and macro situations.

Reference: DeFi TVL

• The whole variety of DeFi protocols elevated from 1,080 in January to a peak of 1596 in September, then remained almost stagnant.

Word that not all of those protocols are lively. As seen in Stat 9, lower than 100 are at the moment lively.

Reference: Monthly Total Number of DeFi Protocols

• The largest collapse in DeFi historical past occurred from Might 4 to Might 14 with the collapse of Terra

The Terra community was a Layer 1 blockchain recognized for its excessive yields and algorithmic stablecoin, UST.

Reference: Terra Dashboard

• DEXs remained the biggest kind to DeFi protocol with 34% of complete TVL, whereas lending protocols elevated from 18% to twenty%

That is unsurprisingly, on condition that DEXs play a essential half in DeFi infrastructure. Sooner or later, lending protocols could have a harder time contemplating the implications of over-leveraging in 2022.

Reference: TVL Distribution on Different Category (2021) and TVL Distribution on Different Category (Click to Explore More)

• The market cap of DeFi tokens reached its peak on April 3 at $243B, 4% beneath its ATH ($253B) from the earlier yr on Dec. 26

This stat has the market cap of DeFi tokens because the sum of tokens issued by DeFi protocols. It doesn’t embrace L1 and L2 tokens generally used for DeFi, like Ethereum and Solana.

Reference: DeFi Token Market Cap vs BTC Market Cap

• As of Dec. 31, the market cap of DeFi tokens was $40.52B

By comparability, the market cap of BTC on this date was $318.41B

Reference: DeFi Token Market Cap vs BTC Market Cap

• From the top of November to the start of December, BTC had its greatest worth decorrelation from the S&P 500 in current historical past, reaching -0.83

The inventory market correlation index is measured from a 1 to -1 scale, with 1 indicating the 2 units of costs are all the time shifting in the identical path and -1 that they’re by no means shifting in the identical path.

Reference: 2022: BTC & S&P 500 Price Correlation Analysis

• The Worry & Greed index reached its yearly low on June 6, at 6 (excessive worry)

By comparability, it reached the 8-10 vary within the rapid aftermath of the Terra Luna collapse and remained above 10 after the FTX collapse.

Reference: 2022 Token Price VS F&G  

• The variety of lively DeFi tasks declined 33% year-on-year

An lively mission is outlined by Footprint Analytics’ common day by day lively customers prior to now 5 days is larger than 100.

Reference: Active Projects by Chain

6 Stats about Chains for DeFi

• All 10 of the most important chains for DeFi TVL ended the yr with fewer lively DeFi protocols than they began with

Energetic tasks make up a tiny portion of complete protocols, with most failing to have any TVL.

Reference: Active Projects by Chain

• BNB persistently had essentially the most lively tasks all year long, fluctuating between 24 to 49, and essentially the most lively customers, 150K to 550K

With the advantage of having each the world’s largest CEX, Binance, and the BNB Sensible Chain, Binance can provide aggressive ecosystem incentives and grants.

Reference: Active Projects by Chain

• As of the top of the yr, Polygon has the 2nd highest variety of lively protocols, 12, whereas Ethereum has 8

Polygon is an EVM L2 answer with a powerful efficiency in 2022 throughout a number of sectors of the blockchain trade, particularly DeFi and gaming.

Reference: Active Projects by Chain

• Ethereum has the 2nd highest variety of complete protocols, at 129

The Ethereum community made DeFi attainable and was the primary mover within the trade. Nevertheless, it’s congestion, and excessive gasoline charges have severely restricted prospects for builders.

Reference: Active Projects by Chain

• At its peak on April 6, Terra had a TVL $103.9B

This metric made it the 2nd greatest chain, surpassing BNB in December. Word that by TVL, Ethereum persistently had the very best

Reference: TVL by Chain (Except Ethereum)

• Ethereum had the very best TVL all year long, rising from $106.7B to $972.8B, then falling again all the way down to $171.2B

Reference: TVL by Chain

• Terra excluded, Solana had essentially the most vital share drop in TVL from ATH, sliding 96% from $16B to $600M

Solana had a number of extremely promising GameFi and DeFi tasks initially of the yr and seemed prefer it may very well be a contender for overtaking Ethereum. Nevertheless, these did not be sustainable.

Reference: TVL by Chain

5 Stats about DeFi Protocols

• UNI had the very best market cap out of all DeFi protocol tokens

UNI is the governance token of Uniswap, the world’s largest and hottest DEX. It’s based mostly on Ethereum.

Reference: Top 5 Protocol Token Market Cap

• The one DeFi protocol token that elevated YoY was Lido’s IDO, going from $247M to $896M

Lido permits customers to optimize returns on their staked property by tokenizing their deposits.

Reference: Top 5 Protocol Token Market Cap

• DEX protocols make up 26% of complete DeFi TVL

Reference: Proportion of DEX TVL 

• Curve is the biggest protocol by TVL as of Dec. 31 with $3.6B

Curve is without doubt one of the unique DeFi protocols constructed to generate yield on stablecoins.

Reference: Proportion of DEX TVL 

• USDT, also called Tether, remained the biggest stablecoin by market cap and had a $66.2B on Dec. 31.

Tether is an asset-backed stablecoin that’s seen its share of controversy in 2022. Nevertheless, regardless of USDC reaching $10B in TVL in the summertime, USDT has expanded its lead since then.

Reference: Top 5 Stablecoins by Market Cap

4 Stats about DeFi Funding

• The biggest funding spherical of the yr was a $400M Lithosphere Community seed spherical in Might led by Gem Capital.

In response to its web site, Lithosphere “is a next-generation community for cross-chain decentralized functions powered by AI and Deep Studying.”

Reference: DeFi Fundraising Stats

• The big Lithosphere spherical helped make January the biggest month by the quantity of funding, with $643M

Reference: DeFi Fundraising Stats

• January had essentially the most rounds of 2022, with 69

Reference: DeFi Investment Amount in 2022

• DeFi was the second hottest kind of mission by funding spherical in each 2021 and 2022, however whereas DeFi accounted for 23% of a complete spherical in 2021, it accounted for 18% in 2022

Reference: Investment Funding Breakdown in 2021 & 2022 This piece is contributed by Footprint Analytics group by Daniel, Jan 2023. Information supply: Stats about the DeFi Industry from 2022

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