Emerging DeFi Sectors in 2023

While traditional decentralized finance (DeFi) sectors such as decentralized exchanges (DEXs) and lending markets experienced consolidation throughout 2023, as mentioned in a prior research piece, it also established a solid foundation that enables the emergence of new sectors amidst an uncertain macroeconomic environment. 

This research piece summarizes key trends in 2023 that have prominently surfaced within the DeFi landscape.