Odaily News Investment management firm Apollo Crypto has released a report highlighting the potential for a second wave of growth in decentralized finance (DeFi), identifying macroeconomic factors such as the Federal Reserve's recent rate cuts and China's credit expansion as key drivers of DeFi growth. The report noted that after the peak of the "Summer of DeFi" in 2020, the market has slowed down. However, protocols such as Maker, Uniswap, and Aave have become mainstream in the industry. As of now, the total TVL of DeFi is approximately US$105 billion. The report also mentioned decentralized finance (DeFi) infrastructure, saying that "the past few years have focused on building cryptocurrency infrastructure" to establish "a large amount of cheap block space." This allows DApps to access block space at "higher performance speeds" and reduces transaction costs on L2 expansion solutions. (Cointelegraph)