Investment management company Apollo Crypto has released a report stating that the Federal Reserve's interest rate cuts, the expansion of credit in China, and improvements in DeFi infrastructure will drive a second wave of growth for DeFi. The report notes that after peaking in 2020, the DeFi market slowed down, but protocols such as Maker, Uniswap, and Aave have become mainstream in the industry. Currently, the total TVL (Total Value Locked) in DeFi is approximately $105 billion. The report also highlights the importance of decentralized financial infrastructure in establishing cheaper block space, enhancing the performance speed of DApps, and reducing transaction costs on L2 scaling solutions.

Odaily Planet Daily reports that the investment management company Apollo Crypto has released a report highlighting the potential for a second wave of growth in decentralized finance (DeFi), attributing key macroeconomic factors such as the recent interest rate cuts by the Federal Reserve and credit expansion in China as driving forces behind DeFi's growth. The report indicates that after peaking during the "Summer of DeFi" in 2020, the market has slowed down. However, protocols such as Maker, Uniswap, and Aave have become mainstream in the industry. As of now, the total value locked (TVL) in DeFi is approximately $105 billion. The report also mentions decentralized finance (DeFi) infrastructure, stating that "the focus over the past few years has been on building cryptocurrency infrastructure" to establish "a large amount of cheap block space," allowing DApps to access block space with "higher performance speed" and reducing transaction costs on Layer 2 scaling solutions. (Cointelegraph)

Analysis: The Federal Reserve's interest rate cuts, China's credit expansion, and improvements in DeFi infrastructure may drive DeFi towards a second wave of growth.