<ul><li>The DeFi sector, which once promised to change traditional finance, has faced challenges and a decline in popularity.</li><li>Multiple factors, such as the collapse of Terra/LUNA and rising interest rates, have led to an outflow from DeFi.</li><li>Currently, meme coins have a larger market cap compared to DeFi projects, highlighting the sector's struggle to find its place.</li><li>For DeFi to regain relevance, it needs to offer competitive yields, a solid business model, and regain investor confidence.</li></ul>

Memecoins Are Bigger Than DeFi: What’s Going On?

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