Steno Research: DeFi may reach a new high in TVL in the first half of next year

Steno Research's latest report predicts that the DeFi market is expected to reach an all-time high in the first half of next year. The report points out that the recovery of DeFi is closely related to US interest rates, as the DeFi market is mainly centered on the US dollar. Interest rates are a key factor affecting the attractiveness of DeFi, determining whether investors seek higher-risk decentralized financial opportunities. In addition, the growth of stablecoin supply and the reduction of Ethereum network fees are also important factors driving DeFi growth. The report also mentioned that the growth of RWA, such as tokenized stocks, bonds, and commodities, indicates that the market has strong demand for on-chain financial products. (CoinDesk)