According to a report from DappRadar, a decentralized app (DApp) tracker, there’s a good chance that the DeFi sector’s growth might not be as much as the rest of the market thinks.
The report suggests that only about 25% of the sector’s recent pump comes from actual funds pumped into DeFi.
The report says that this “raises the question, how extensively token price affected the TVL metric.” DappRadar then adds that viewing TVL in dollars could give “a distorted view” of the sector.