[DeFi Lending and DEX Fees Plunge Sharply, Analysts Attribute It to Deleveraging Reset Rather Than Structural Decline] According to The Defiant, DeFi lending and DEX fees have dropped significantly. The 7-day rolling fees for the largest lending protocol, Aave V3, fell 60% to $6.72 million, Morpho Blue dropped 60% to $3.27 million, and Maple Finance decreased 59% to $1.25 million. Uniswap V3 fees declined 57% to $3.74 million, while Curve DEX fell 65% to $891,000. However, looking at cumulative data over the past 30 days, Morpho Blue increased by 23% month-over-month, Maple grew by 49%, Uniswap V3 rose by 27%, and Curve surged by 71%, indicating that the weekly plunge is a deleveraging reset rather than a structural decline.