DeFi Lending and DEX Fees Decline 50–65% Over 7 Days as Leverage Unwinds

According to The Defiant, on June 17, DeFi lending and DEX fees experienced sharp declines over the past seven days. Aave V3's rolling 7-day fees fell 60% to $6.72 million, Morpho Blue dropped 60% to $3.27 million, and Uniswap V3 decreased 57% to $3.74 million, while Curve DEX fell 65% to $0.891 million.

However, looking at 30-day cumulative data, Morpho Blue increased 23%, Maple Finance grew 49%, Uniswap V3 rose 27%, and Curve jumped 71%, indicating the weekly decline reflects a deleveraging reset rather than structural decline. Analysts attributed the fee compression to natural liquidations following June's market downturn, with borrowing costs declining as loanable capital supply exceeded productive demand.