Re:A large number of protocols on Ethereum and Solana blockc...
by latchkey on Sunday August 10, 2025 @05:51PM
(#44858624)
The tone of the article sounds like an attempt to make news out of nothing, while ETH is nearing ATH's.
Years ago, we went through a DeFi summer where a ton of protocols were built. Then, multiple years of nothing as the summer ended.
Since then, many of the protocols condensed into a few very very active protocols. Turtle has $1.1B deployed in only two campaigns. AAVE has $55B. Morpho has $10B. There are tons more protocols doing just fine.
Years ago, we went through a DeFi summer where a ton of protocols were built. Then, multiple years of nothing as the summer ended.
Since then, many of the protocols condensed into a few very very active protocols. Turtle has $1.1B deployed in only two campaigns. AAVE has $55B. Morpho has $10B. There are tons more protocols doing just fine.