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Bitwise reports DeFi tokens fell only 4% in June while Bitcoin dropped 22%, signaling a quiet re-rating. The Bitwise DeFi index is heavily weighted toward Hyperliquid (HYPE), which gained over 160% this year. Bitwise expects DeFi outperformance to continue in Q3 as institutions build on protocols like Morpho and Jupiter.
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Summary by ByteBrief
USDT leads payments, USDC dominates DeFi: Dune