1inch Smashes 24-Hour Volume Record—Is DeFi Summer 2.0 Brewing?
The decentralized exchange aggregator just posted its highest-ever daily trading volume. Cue the 'DeFi is back' tweets.
Pundits are dusting off their 'wen moon' memes as liquidity surges—right on schedule for another speculative frenzy. Because nothing says 'financial revolution' like chasing yield during a bear market.
Will history repeat? Or is this just another dead-cat bounce before the SEC drops the hammer? Grab your popcorn—and maybe some risk management.
Source: Dune Analytics
Hints for DeFi Summer?
Various users are aligning 1inch’s this milestone with potential DeFi Summer, where DeFi market activity peaks and surpasses volumes on centralized crypto exchanges. The 2021 DeFi Summer saw decentralized exchanges and aggregators, including 1inch, command over 80% of on-chain volume, driven by yield farming and emergence of new protocols.
With DeFi’s market share at 20.5% and daily DEX volume at $12.8 billion, analysts see parallels—boosted by growing institutional adoption and retail FOMO.
Also read: Avalanche Hits 1M Daily Transactions Twice Thanks to MapleStory
