DeFi platforms saw a 5% dip in activity on April 29, 2025, as Trump’s tariff woes and a 39% approval rating rattled markets, per CNBC. Investors pulled back from lending protocols, fearing a recession flagged by 72% of Americans in a Washington Post-ABC News-Ipsos poll. This decline challenges the narrative of DeFi as a safe haven.
Posts found on X echo concerns, with users citing tariff uncertainty as a market drag. Analysts question whether DeFi can weather a broader economic downturn, especially with global tensions like ICJ hearings on Gaza aid collapse adding pressure.