The decentralized finance (DeFi) sector appears to be entering a new phase of opportunities. According to a report from Steno Research, the DeFi market is poised for revival and potentially set new historical highs, driven by an increase in total value locked (TVL) and a decline in interest rates within the cryptocurrency ecosystem. The report highlights that interest rates are a core factor influencing the attractiveness of DeFi, especially in a USD-dominated market. As interest rates decrease, the cost of holding stablecoins also declines, further enhancing the appeal of DeFi. Additionally, the expansion of stablecoin supply and the rapid emergence of tokenized real-world assets such as stocks, bonds, and commodities are providing strong momentum for the recovery of the DeFi market. Moreover, the reduction in transaction fees on the Ethereum network has made DeFi services more accessible. Steno analyst Mads Eberhardt notes that current interest rate policies, similar to the impetus following the Federal Reserve's interest rate cuts after the 'DeFi Summer' of 2020, are key factors driving the DeFi recovery. Although the current TVL still falls short of its peak in 2021, Steno expects it to reach new heights in the coming months, signaling the revival of the DeFi ecosystem and renewed investor attention.