DeFi Market Gains Amid US Jobs Data Revision and Fed Rate Cut Speculation

The decentralized finance (DeFi) market has surged by over 3% in the past 24 hours, reaching a total capitalization of approximately $168 billion, according to Coingecko. This uptick coincides with a significant downward revision of US employment data, which has cast doubt on the strength of the labor market and fueled speculation about potential Federal Reserve rate cuts.

Preliminary benchmark revisions from the US Bureau of Labor Statistics revealed a 0.6% reduction in nonfarm payrolls for the year ending March 2025, equivalent to 911,000 jobs. This adjustment, far exceeding the historical average of 0.2%, suggests a labor market weaker than previously estimated. Investors are increasingly turning to DeFi tokens in search of yield as expectations grow for a 25 basis point rate cut by the Fed.