Most of the DeFi project are locking their token for a certain period of time that reduces currently trading token amount and push the price up. Also farming and staking or adding token in the liquidity pool became much more common and requirements for the DeFi project. Recently many DEX came with these features. Another DeFi lending project CRV token price fall despite low supply. It looks like the future of DeFi is still uncertain.
CRV's supply is pretty high and they're working to bring in new mechanisms to drop inflation. It's 2M per day, 776,000 to users.. it's a lot.
They just brought in buying up CRV from the open market with admin fees from their LPs though, and that's chewing up 60 - 70% of daily inflation right now. It started a few days back.