The attempted recovery by the market following last weeks dramatic collapse has been rather uneven and choppy, even the planned upgrades to the Ethereum network have failed to act as a catalyst for the next move. As pointed out last week, it is Golden Week holiday in China and trading volumes are likely to be impacted as a result. Looking at the DeFi market, the amount of BTC locked continues to decline (90-day low), while all the same, ETH locked in DeFi is close to a 90-day high and not far from an all-time high. Maker dominance is just over 50%, and 1.41% of total ETH supply is locked in MakerDAO smart contracts.