The DeFi industry is developing rapidly, seven charts reveal the latest trends

From 2025 to the present, the decentralized finance ( DeFi ) industry has shown a booming development trend. With the improvement of the regulatory environment and the continuous increase in adoption rates, DeFi is in a stage of rapid growth. This article will analyze the current status and future direction of DeFi in depth through seven key charts.

The trading volume of DEX continues to rise, and market share keeps expanding.

Decentralized exchange ( DEX ) is gradually eating into the market share of centralized exchanges. Data shows that since June 2022, the market share of perpetual contract DEX in the derivatives market has increased 11 times, rising from an initial 0.98% to a considerable level today. Although this trend is slow, it is unwavering, indicating that DEX is winning the favor of more and more traders.

The Rise of Emerging DEX Platforms, Fluid Stands Out

Among many DEX platforms, Fluid stands out particularly. The platform has been online for less than a year, and its daily trading volume once surpassed the leading DEX in the Ethereum ecosystem. With the upcoming launch of Fluid DEX V2, its advantages in capital efficiency are expected to be further highlighted, and it is likely to occupy an important position in the future competition among DEXs.

The Rise of Interest-Bearing Stablecoins

Recently, the interest-bearing stablecoin USDe has surpassed the net inflow of the two major stablecoins, USDT and USDC, for the first time in two weeks. This phenomenon indicates that crypto-native stablecoin solutions are challenging the dominance of traditional stablecoins. It is expected that projects such as Resolv, Ethena, and Falcon Finance will continue to maintain rapid growth in the coming months.

Ethereum Spot ETF Performance Tends to Stabilize

After experiencing a record high of inflows for several consecutive weeks, the Ethereum spot ETF recently saw the largest single-day outflow on record. This may be due to some traditional financial institutions choosing to take profits. However, overall, the past two months have still been the best-performing period for the spot Ethereum ETF.

The attention on DeFi approaches AI, surpassing Meme coins

In the past few months, the attention on DeFi has more than doubled, gradually approaching the heat of the AI field. At the same time, the attention on Meme coins has significantly decreased. This indicates that investors are refocusing their attention on the fundamentals of projects rather than short-term speculation.

Token Buyback Program Becomes a Highlight

In 2025, projects with token buyback plans performed the best. This trend indicates that the market is beginning to pay more attention to tokens with good fundamentals. Protocols that conduct token buybacks include several well-known projects such as Hyperliquid, PumpFun, Maple, EtherFi, Kaito, and AAVE.

The Bitcoin reserves of exchanges continue to decrease

Since the launch of the first Bitcoin spot ETF in the United States in February 2024, the Bitcoin reserves of exchanges have continued to decline. This situation contrasts sharply with the previous bull market. In this cycle, the inflow of funds into Bitcoin ETFs and the purchasing demand from crypto asset reserve companies have had a significant positive impact on Bitcoin prices.

Through the analysis of the seven charts above, we can clearly see that the DeFi industry is in a booming stage. From the expansion of DEX market share to the rise of new stablecoins, and the increasing importance investors place on fundamentals, all signs indicate that DeFi is developing towards a more mature and diversified direction. With the continuous improvement of the regulatory environment and ongoing technological innovation, DeFi is expected to play a more important role in the future financial system.