DeFi TVL Drops Sharply in Q1, But User Activity Rises in AI and Social Apps

TL;DR DeFi Downturn: Q1 witnessed a 27% TVL decrease to $156B, with major blockchains like Ethereum (-37%) and Sui (-44%) feeling the impact, though Berachain bucked the trend with strong gains. Rising User Activity: AI protocols registered a 29% jump in daily active wallets (2. 6M DUAW), while social apps climbed 10% to 2. 8M, underscoring a. . . source: https://crypto-economy.com/defi-tvl-drops-sharply-in-q1-but-user-activity-rises-in-ai-and-social-apps/