In early June, after the market decline, fees for DeFi lending protocols and decentralized exchanges significantly decreased. Over the past 7 days, fees for Aave V3, Morpho Blue, and Maple Finance dropped approximately 60%, 60%, and 59%, respectively, while Uniswap V3 and Curve fees fell by 57% and 65%. Industry insiders believe that this decline mainly reflects market deleveraging and a cooling of risk appetite, rather than a structural deterioration in on-chain lending demand. However, based on 30-day data, most protocol fees are still higher than the same period last month. (The Defiant)

AAVE3.83%
MORPHO1.55%
BLUE0.21%
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GateUser-953e1a14
· 6h ago
Uniswap and Curve fees are halved, but TVL hasn't taken a big hit; users are just temporarily lying flat, waiting for volatility to return so fees immediately rebound. How many times has this cycle pattern been played?
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GateUser-14c72c76
· 6h ago
.
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MevTeaBreak
· 6h ago
The 30-day data is still higher than last month—just short-term fluctuations; the DeFi fundamentals haven’t collapsed.
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TvlTeaTime
· 6h ago
The decline in transaction fees caused by deleveraging is actually healthy, indicating that the market has not experienced a hard landing.
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