Transaction fees halved, but still higher than last month after 30 days, indicating it's not an on-chain collapse, just that leverage has cooled down — the cost of deleveraging is better than a chain reaction of liquidations.

CoinJie Media news: After the market decline in early June, fees for DeFi lending protocols and decentralized exchanges have fallen significantly. Over the past 7 days, the fees for AAVE V3, Morpho Blue, and Maple Finance have decreased by approximately 60%, 60%, and 59%, respectively, while Uniswap V3 and Curve fees have declined by 57% and 65%, respectively. Industry insiders believe this round of decline mainly reflects market deleveraging and a cooling of risk appetite, rather than any structural deterioration in on-chain credit demand. However, based on 30-day data, most protocols’ fees are still higher than the same period last month.