Defi in 2022

In 2022, the decentralized finance (DeFi) space continued to grow and evolve at a rapid pace. The total value locked in DeFi protocols reached an all-time high, with more and more individuals and institutions becoming interested in the benefits of decentralized finance. New projects and protocols were launched, and existing ones improved, providing more use cases for DeFi and making it more accessible for the general public. The DeFi space also saw an increase in institutional adoption, with traditional financial institutions and companies launching their own DeFi projects. Yield farming and liquidity provision became more popular, with more projects and platforms entering the market. Additionally, interoperability between DeFi platforms improved, making it easier for users to move their digital assets between different platforms. The year also saw an increase in regulations and compliance requirements for DeFi projects, which aimed to protect users and bring more oversight to the market. Overall, 2022 was a year of significant growth and expansion for the DeFi space, and it's expected to continue in the coming years.