DeFi lending and DEX fees decline, analysts say it's due to deleveraging reset

According to The Defiant, the 7-day rolling transaction fees for Aave V3 decreased by 60% to $6.72 million, Morpho Blue decreased by 60% to $3.27 million, Maple Finance decreased by 59% to $1.25 million, Uniswap V3 decreased by 57% to $3.74 million, and Curve DEX decreased by 65% to $891000. However, in the past 30 days, Morpho Blue increased by 23% month on month, Maple increased by 49%, Uniswap V3 increased by 27%, and Curve increased by 71%. Analysts pointed out that the weekly plunge was a deleveraging reset rather than a structural recession.