The DeFi market continues to expand, and the multi-chain ecosystem is thriving.

The Decentralized Finance (DeFi) market is experiencing unprecedented prosperity. With continuous technological advancements, DeFi has successfully expanded to multiple public chains and layer two networks, giving rise to a variety of application scenarios. These scenarios include decentralized exchanges (DEX), lending platforms, staking services, derivatives trading, and cross-chain bridges, among others. Emerging decentralized applications (DApp) are constantly emerging, dedicated to optimizing user experience and driving the entire ecosystem forward.

Among the many DeFi applications, DEX, staking, and lending services stand out due to their clear demand and mature models. Whenever a new blockchain ecosystem emerges, these three types of DeFi protocols are often the first to be deployed and adopted. They provide users with essential financial services and become important cornerstones of the new ecosystem.

For participants seeking investment opportunities, the emerging blockchain ecosystem may contain potential opportunities. In particular, DeFi projects built on emerging public chains or layer two networks may have greater room for growth and innovative potential, as they are in the early stages of the ecosystem.

When evaluating DeFi protocols, investors and analysts typically consider multiple metrics. These metrics include Total Value Locked (TVL), number of users, trading volume, protocol revenue, market capitalization, Fully Diluted Valuation (FDV), the ratio of market capitalization to TVL, Price-to-Sales (P/S) ratio, Price-to-Earnings (P/E) ratio, and other financial indicators, as well as the project's innovativeness. Together, these metrics form a comprehensive assessment framework that helps people better understand and compare different DeFi protocols.

With the continuous development and maturation of the DeFi market, we can expect to see more innovative projects and solutions emerge. This will not only provide users with more choices and better services but also drive the entire cryptocurrency and blockchain industry forward.