The State of DeFi Report 2023 is an annual survey
that was conducted for the first time this year. The
aim of the survey is to gather broad-based feedback
about the state of DeFi from the perspective of users
and implicitly their opinion on DeFi UX.
The report covers various topics, such as the state of
adoption, challenges faced by users, and the future of
DeFi. The survey was open to all DeFi users, and we
received approximately 325 responses, which
comprise the findings presented in this report.
The report highlights the growing trend of
decentralized finance and its potential to
revolutionize traditional finance. However, it also
highlights the challenges that DeFi users face, such as
high gas fees and concerns around unclear risks and
suboptimal end-user experiences.