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December 27, 2023

🎉 DeFi Wrap for 2023

The Defiant

DeFi Alpha

Together with

Together with

GM Defiers!

Wishing everyone happy holidays from The Defiant!

As the year wraps up, we take stock of the rise and performance of DeFi in 2023, where total value locked more than doubled and the number of protocols with over $250M of TVL grew to 19, from 15 at the start of the year. DeFi tokens also rallied in line with the rest of crypto. But while it was a bullish year for the ecosystem, the amount of "free money" distributed in airdrops declined by about 40%.

In other news, Ethereum creator Vitalik Buterin proposed a way to simplify the network's Proof-of-Stake architecture, while one of Crypto Twitter's most respected blockchain detectives, ZachXBT, said he's temporarily stepping down.

✍️ In today’s newsletter:

  • DeFi 2023 wrap
  • 2023 was a bad year for "free money"
  • Vitalik wants to make Ethereum's PoS simpler.
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🎬 WATCH

Check out our tutorial on how to use Mantle's liquid staking protocol. And watch our podcast with Jameson Lopp, the CTO of CasaHODL.

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