Over the past nearly two years, there has been a decline in the trading volumes of non-fungible tokens (NFTs) and the amount of funds frozen in DeFi projects. However, in recent months, these indicators have begun to rise.

"Despite the recent increase in activity in the DeFi and NFT sectors being encouraging, it is still too early for excessive optimism. These are just the first steps towards a revival," emphasized the JPMorgan analytical group led by Nikolaos Panigirtzoglou.

In their report, the bank's experts note that the increase in trading volumes and frozen assets is a natural phenomenon reflecting the overall growth in the cryptocurrency market. They also point out that the development of the DeFi sector since the beginning of the year has been facilitated by the launch of liquid staking in projects such as Lido and others.

Analysts also highlight the emergence of new DeFi protocols, new blockchains, and platforms for trading NFTs, including Aptos, Sui, Sei, Blur, and Celestia, as a positive factor. They also mention that the upcoming updates to the Ethereum network may help solve scalability issues and stimulate growth in the NFT and DeFi sectors.

It was also reported about Disney's plans to launch its own NFT platform, which will feature non-fungible tokens with images of Disney, Pixar, and "Star Wars" characters.