Morpho and Arc lead growth apps as DeFi users and liquidity shift in October

DeFi liquidity saw outflows in October, while protocols shifted their holdings. On-chain liquidity moved to Bitcoin-based protocols, as well as to Hyperliquid and Robinhood. DeFi liquidity is shifting between chains and protocols in October, and taking a step back with a 7% contraction. The market capitalization of DeFi protocol tokens contracted by a net 8.4% in the past 30 days, while total value locked, around 7% in October, based on CryptoRank data. The value in DeFi is a proxy metric, reflecting both user flows and the value of collateral assets. DeFi tokens reacted more dramatically, with over 20% in net losses over the past month, while the protocols themselves had smaller outflows of value.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Cryptopolitan.