Bybit DeFi Report: RWA and DEXs Thrive Despite Cooling Market Activity - Thailand PR News - [Banking](https://thailandbusinessnews.net/category/banking/) - [Companies](https://thailandbusinessnews.net/category/companies/) - [Economy](https://thailandbusinessnews.net/category/economy/) - [Press Releases](https://thailandbusinessnews.net/category/press-release/) - [PR Newswire](https://thailandbusinessnews.net/pr-newswire-updates/) - [Tech](https://thailandbusinessnews.net/category/tech/) - [Tourism](https://thailandbusinessnews.net/category/tourism/) - [Press Release](https://thailandbusinessnews.net/category/press-release/) # Bybit DeFi Report: RWA and DEXs Thrive Despite Cooling Market Activity ##### Up next ![CeraVe Celebrates Two Decades of "Developed with Dermatologists" Skincare: A 20th Birthday Tribute to Skin Barrier Science and Innovations](https://i0.wp.com/r2.thailandbusinessnews.net/2025/07/CeraVe.jpg?resize=200%2C110&ssl=1 "CeraVe Celebrates Two Decades of "Developed with Dermatologists" Skincare: A 20th Birthday Tribute to Skin Barrier Science and Innovations") [](https://thailandbusinessnews.net/press-release/cerave-celebrates-two-decades-of-developed-with-dermatologists-skincare-a-20th-birthday-tribute-to-skin-barrier-science-and-innovations/) ###### [CeraVe Celebrates Two Decades of "Developed with Dermatologists" Skincare: A 20th Birthday Tribute to Skin Barrier Science and Innovations](https://thailandbusinessnews.net/press-release/cerave-celebrates-two-decades-of-developed-with-dermatologists-skincare-a-20th-birthday-tribute-to-skin-barrier-science-and-innovations/) Published on 23 July 2025 ##### Author ##### [ CISION PRNewswire ](https://thailandbusinessnews.net/author/cision/) ##### Tags - [PRNewswire](https://thailandbusinessnews.net/tag/prnewswire/) ![](https://mma.prnasia.com/media2/2267288/Logo.jpg?p=medium600 "logo") DUBAI, UAE, July 23, 2025 /PRNewswire/ — [Bybit](https://www.bybit.com/en/press), the world’s second-largest cryptocurrency exchange by trading volume, released [a new decentralized finance (DeFi) report](https://www.google.com/url?q=https://learn.bybit.com/en/crypto-insight/rwa-and-dexs-still-thrive-while-overall-activities-cool-down&sa=D&source=docs&ust=1753263015633734&usg=AOvVaw07DSH9tq-Is6EMO5M_19id), encapsulating significant shifts in the sector with real-world assets (RWA) and decentralized exchanges (DEXs) as new drivers. Unlike the frenzy of DeFi Summer of 2020, institutional adoption and utility-focused applications are fueling today’s market. Key Insights DeFi’s Institutional Play: Regulatory clarity stemming from events such as the GENIUS Act and Circle’s IPO has spurred institutional interest in DeFi lending and tokenized assets. Backed by the mainstreaming of stablecoins, DeFi’s integration with traditional finance has been driven by institutional interest. Total DeFi lending deposits reached $67.8 billion across platforms including Aave, Morpho, and Maple Finance. RWA platforms like Securitize, Ondo Finance, and Franklin Templeton are enabling yield opportunities backed by US Treasuries, bridging crypto and mainstream investing. DEXs Challenge Centralized Players: Hyperliquid leads perpetual futures trading with $1.27 trillion in year-to-date volume, showing DEXs can play in the same league as CEXs. This has encouraged hybrid platforms like Byreal, which combine CEX liquidity with DeFi transparency. Divergent Performance: While RWA and DEX sectors flourish, AI-related DeFi (DeFAI) tokens face declining interest and liquid staking growth remains constrained by token volatility. [![Source: Bybit, CoinGecko](https://mma.prnasia.com/media2/2736784/Source_Bybit_CoinGecko.jpg?p=medium600 "Source: Bybit, CoinGecko")](https://mma.prnasia.com/media2/2736784/Source_Bybit_CoinGecko.html)Source: Bybit, CoinGecko The report approaches the state of play in DeFi with sector highlights from all aspects, demonstrating DeFi’s transition toward utility-focused applications anchored in real-world use cases. As institutional RWA adoption accelerates and hybrid solutions emerge, DeFi positions itself as on-chain financial infrastructure, combining centralized finance performance with decentralized transparency. \#Bybit / #TheCryptoArk / #BybitReport About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at [Bybit.com](http://bybit.com/). For more details about Bybit, please visit [Bybit Press](https://www.bybit.com/en/press) For media inquiries, please contact: For updates, please follow: [Bybit’s Communities and Social Media](https://www.bybit.com/en-us/promo/global/communities/) [Discord](https://discord.gg/bybit) | [Facebook](https://www.facebook.com/Bybit/) | [Instagram](https://www.instagram.com/bybit_official/?hl=en) | [LinkedIn](https://www.linkedin.com/company/bybitexchange/) | [Reddit](https://www.reddit.com/r/Bybit/) | [Telegram](https://t.me/s/Bybit_Announcements) | [TikTok](https://www.tiktok.com/@bybit_official?lang=en) | [X](https://twitter.com/Bybit_Official) | [Youtube](https://www.youtube.com/c/bybit) [Source link ](https://www.prnasia.com/story/archive/4736008_AE36008_0?rand=89749) ``` This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network ``` ##### You May Also Like [](https://thailandbusinessnews.net/press-release/japan-go-ipo-summit-announces-roster-of-expert-speakers-for-event-june-5th-in-tokyo/) ## Japan Go IPO Summit Announces Roster of Expert Speakers for Event June 5th in Tokyo Kura Sushi Executive to Deliver Keynote Address on Elements of Success for… - [CISION PRNewswire](https://thailandbusinessnews.net/author/cision/ "View all posts by CISION PRNewswire") - April 16, 2025 [](https://thailandbusinessnews.net/press-release/dermrays-launches-care-a-new-enhanced-protection-program-for-at-home-laser-devices/) ![DermRays Launches Care+, a New Enhanced Protection Program for At-Home Laser Devices](https://i0.wp.com/r2.thailandbusinessnews.net/2025/11/DermRays_Care__Extended_Warranty___Accidental_Damage_Protection.jpg?resize=260%2C140&ssl=1 "DermRays Launches Care+, a New Enhanced Protection Program for At-Home Laser Devices") - 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