August hit decentralized finance (DeFi) hard, with fees dropping by 24.4% from July, the largest fall since February. DeFi protocols, not including base layers, collected $288.38 million in fees for the month. Lido topped the list with $76.18 million, followed by Uniswap, Jito, and PancakeSwap. According to market researcher Nick Ruck, the drop in fees is due to lower returns from DeFi protocols. As APRs from liquid restaking tokens have fallen, more traders are moving their money into memecoins, which is hurting the DeFi market.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed