The transaction volumes of prominent DeFi tokens, UNI and MKR, have plummeted by more than 70% since reaching their peak in March. Recent data from IntoTheBlock indicates that last week, the total transactions for these key DeFi bluechips barely surpassed $1 billion, marking a significant decrease from the previous high. UNI is currently trading at $7.57 with a 4.30% decline, while MKR is trading at $2,830 after a 5% weekly increase.

This decline in transaction activity for UNI and MKR highlights broader challenges within the DeFi sector. The surge in March demonstrated the potential for decentralized finance to thrive, but the recent dip raises concerns about the sustainability of growth for these top tokens. Various factors may be influencing market participants as they reconsider their positions and strategies.