DeFi protocol activity declines from historical peaks as USDT supply increases across networks

    The Defi Pulse Monitor reports that USDT supply has increased across networks while DeFi protocol activity continues its decline from historical peaks.

    Capital efficiency metrics are being affected through real-world asset tokenization reducing yields, with lending protocols operating at declining utilization rates across the market rather than seeking speculative upside opportunities alone within volatile trading environments for cryptocurrency assets specifically linked to institutional finance.