Today news
About the same in other media
DeFi on 'Path to Recovery' After Strong Quarterly Growth
Reading now: 684
The decentralized finance (DeFi) sector is “on the path to recovery,” with DeFi-related tokens having increased their share of the total crypto market valuation from 4.7% last quarter to 5.8% this quarter, a new report from crypto tracking site CoinGecko said.
According to the report, the total market capitalization of DeFi tokens has rebounded by 91% since the last quarter - up from USD 67bn to the current USD 128bn. This comes as sentiment among DeFi users has improved and other blockchains besides Ethereum (ETH) have gotten more attention.
“The increasing demand for DeFi is likely driven by the rise of native DeFi products on other alternative chains like Avalanche, Solana, and Terra,” the report said, specifically pointing to the former
Read more on cryptonews.comAbout this in other media
How to take full advantage of the benefits of DeFi and increase high-interest savings cointelegraph.com /3 years ago
Aavegotchi (GHST) gains 50% as ‘Gotchiverse’ auctions set a path to the Metaverse cointelegraph.com /3 years ago
The future of DeFi starts with the elimination of rug pulls and pump and dump schemes cointelegraph.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
