On-chain activity in prediction markets has increased by 32% since the beginning of the year, according to data from Artemis. In contrast, the decentralized finance (DeFi) sector has experienced a significant downturn, with declines ranging from 20% to 40%. Specifically, decentralized exchange (DEX) trading has fallen by 18%, lending deposits have decreased by 32%, and perpetual contract trading has dropped by 37%.