These 3 metrics suggest there’s still time for another ‘DeFi Summer’
Soaring token values, a steady inflow of new users and a TVL approaching all-time highs are all signs that the DeFi sector is heating up. Decentralized finance (DeFi) has been a big part of the explosive growth seen across the cryptocurrency ecosystem in 2021 as decentralized exchanges like Uniswap and SushiSwap and lending protocols like Aave and Compound have added a new dimension of token utility. Data from Messari’s DeFi Asset index shows that over the past 30 days, a majority of the top 10 DeFi tokens gained more than 20%, with the top gainer Terra (LUNA) seeing its price increase....
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Ledger announce support for Ether staking using Lido Finance in an attempt to drive affordability and inclusion in the market. In a recent blog post, popular cryptocurrency hardware wallet Ledger announced a new partnership with Ethereum 2.0 staking solution Lido Finance in a move that claims greater accessibility and liquidity for independent stakers in the market.Staking is a niche method of investing within the cryptocurrency ecosystem which allows users to independently or collectively stake their crypto assets, collecting passive income in return, as well as actively contributing to....
Compound's governance token, COMP, fell below $100 early Tuesday. The DeFi token kicked off the yield farming craze way back in June.
DeFi Summit, the largest conference dedicated to decentralized finance is almost here and due to take place from June 14th to 18th 2021. Set to be the biggest event in DeFi this year, the virtual summit is free to attend and features five days jam-packed with speakers, panel sessions, fireside chats, and even a demo day […]
DeFi presents a wealth of opportunity for investors, but there are also risks. Here are three metrics investors use to analyze decentralized finance tokens and their associated protocols. Much to the chagrin of cryptocurrency proponents who call for the immediate mass adoption of blockchain technology, there are many “digital landmines” that exist in the crypto ecosystem such as rug pulls and protocol hacks that can give new users the experience of being lost at sea. There’s more to investing than just technical analysis and gut feelings. Over the past year, a handful of blockchain....
After Bitcoin, the top-ranked altcoin, Ethereum, and the rest of the altcoin category have yet to set a new all-time high beyond the peak set in late 2017 and early 2018. Early signs that Bitcoin’s bull market was brewing was tipped off by a slow and steady increase in BTC address activity, and now that […]