<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-07/0191361b-1905-4ce1-b176-7df32f271143.jpg"></p><p>Although utilization rose, protocol and supply revenue declined as more providers slashed fees to incentivize adoption. </p>