Today news
About the same in other media
Is Ethereum in any position to trigger a DeFi summer right now
Reading now: 935
ambcrypto.comThe DeFi’s market movement has been quite dismal over the past few weeks. Right from MKR, AAVE, and COMP to UNI, SUSHI, and YFI, almost all the top tokens from this space have been incurring losses.
Amidst the larger downtrend or ‘winter’ phase going on, the aggregate value locked in DeFi slipped to $85 billion yesterday – A level that was last observed in early October.
Curiously, the losses were negated right after as this metric registered a sharp hike over the last few hours. At the time of writing, DeFi TVL’s was north of $100 billion. The expeditious ‘W-shaped’ recovery can be seen on the chart attached below.
Source: DeFiPulse
Interestingly, this rise in TVL has been accompanied by an increment in user count. Even though the reading of
Read more on ambcrypto.comAbout this in other media
Dubai World Trade Centre to create new crypto hub and become regulator cointelegraph.com /3 years ago
Abu Dhabi's Mubadala starts investing in crypto ecosystem economictimes.indiatimes.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.
