ARK: Q3 DeFi Rebound Rests on Incentives as Ethereum Mainnet Revenue Falls to $40.6M
- —Lending protocol deposits rose 51% to $81 billion
- —Tokenized equities hit $50 billion in DEX spot volume
- —ETH staking yield fell to 2.61%, with over 96% from issuance
- —Ethereum mainnet revenue dropped from $63M to $40.6M
Why it matters: Much of the DeFi recovery relies on token incentives and broker integrations rather than organic demand, raising questions about its durability.
Source: Crypto Economy