- The wider Defi sector witnesses the decrease in income where most platforms fall in March of more than 50%.
- Makerdao was the only good artist in March with a revenue increase of 11%.
The decentralized financial sector (Defi) witnessed a massive decline in March 2025.
Defi protocols generate their income from transaction costs, loan costs and other service costs. The decrease in income indicated a decrease in activities on the chain, reduced trade volumes and a decrease in user activity on Defi-platforms.
Make weak income to indicate a market wind wind
A turnover loss of 50% can reflect a potential shift from the market sentiment, which could lead to a negative market sentiment and further outflow of capital from the ecosystem.
In March, solana -based protocols such as Pump.Fun, Jito and Raydium generated around $ 42 million in income. The data showed that the turnover of March was a decrease of 55% compared to February and a decrease of 75% compared to the peak of January.
In the meantime, BNB Chain’s pancakes generated a turnover of $ 21 million, which meant a decrease of 54% in turnover on a month of the month. The trend was in the same way about the protocols -based protocols. The platforms such as Ethena, Lido, Aave, Curve, Compound and Sushi jointly generated only $ 24.5 million in income in March. Protocols based on Ethereum witnessed a turnover decrease of 52% and 65% compared to February and January 2025.
Makerdao (recently renamed Sky) emerged as the only solo artist who witnessed an increase in the income of a month. It generated more than $ 10 million in income in March, which is an increase of 11% compared to February.
The broader implications of this collapse income is already visible in defi -topping performance. The GMCIs GMDEFI index, which follows tokens from various Defi projects over several chains, has fallen 40% to date. This significant underperformance emphasizes the growing concern about investors about the immediate growth views of the sector as the activity on the chain continues to decrease.
