There were many new projects and updates from top decentralized apps (DApps), as well as key updates from Decentralized Finance (DeFi) protocols. Fireblocks has expanded its institutional access to Terra’s DeFi ecosystem and partnered with the Notifi network to improve the abysmal participation rates in governance votes.

We will also look into the Cointelegraph research into the ecosystem’s future and see if it can sustain the current growth. Samson Mow (an ex-executive from Blockstream) questions the DeFi’s centralization.