Bankless, an e-magazine focused on open finance, released its DeFi report for the second quarter. The main points of the report are as follows: 1. DeFi project revenue decreased from approximately US$ 5.58 million in the first quarter to US$ 3.92 million in the second quarter, a decrease of about 30% from the previous month. An important factor is that MakerDAO reduced the basic rate to 0%, which reduced Maker’s revenue from US$1.2 million in the first quarter to US$152,000 in the second quarter; 2. The highest revenue in the second quarter was that the DeFi project was Kyber, reaching 63.4 10,000 US dollars, followed by Compound (625,000 US dollars) and dYdX (624,000 US dollars); 3. Although the DeFi project revenue has declined to a certain extent, the average price of DeFi tokens in the second quarter increased significantly by 199%, far better than Ether Fang (70%) and Bitcoin (43%). Among them, Bancor (BNT) and Aave (LEND) had the most prominent gains, rising 546.9% and 514.5% respectively, followed by REN, SNX, and COMP. 4. Decentralized exchange (DEX) earnings in the second quarter increased by 5% month-on-month and 41.9% year-on-year. In addition, DEX trading volume also set a new record in the second quarter, with Uniswap dominating (nearly US$900 million), followed by Curve (US$436 million) and dYdX (US$433 million).