The world of decentralized finance (DeFi), saw an additional week of higher on-chain activity and developer activity, even though the overall market cap fell slightly amid overall market retrace. To reimburse victims of hacks resulting from the Ronin bridge exploit, the creators of play-to earn nonfungible tokens (NFT) raised $150 million.

Decantralized applications, a daily user count soared to 2.4million in the first quarter (2022), while SushiSwapSUSHISynthetix (SNX) were booted out of Grayscale’s popular Decentralized Finance Fund. Yearn.finance, the popular DeFi protocol announced that it supports ERC-45626 tokenized vault standard.