As DeFi tokens surge, CRV indicates a bumper crop for ‘DeFi Summer 2.0’
The seasons are turning and the markets are shifting — could it be a strong summer for decentralized finance? Fire up your tractors: The farmer’s almanac of decentralized finance is indicating that DeFi Summer 2.0 could feature some healthy yields across the ecosystem. Multiple common metrics used to gauge the health of the DeFi space are pointing toward a looming bull market, but perhaps most promising of all might be the surge in Curve’s CRV governance token price. Often referred to as one of the “backbone” protocols of DeFi, Curve is an essential tool for many retail and protocol-level....
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DeFi platforms have seen a steady surge in user activity and token prices, leading some analysts to say that the ‘DeFi Summer 2.0’ is well underway. After a blistering start to 2021 saw token valuations and trading volumes surge to ignite the current bull market, the DeFi sector as a whole took a break while the NFT sector stepped into the limelight. While investors' attention was elsewhere, DeFi prices have had time to consolidate and project developers were able to focus on protocol upgrades and in the past month, DeFi-related tokens have been gaining traction and look poised for a....
The ether miner has reported its best ever quarter, saying that surging interest in DeFi led to bumper transaction fee revenues.
Major DeFi tokens, including UMA, Maker, and Uniswap have surged up to 22% in the past 24 hours. The decentralized finance (DeFi) market has generally rebounded following a sustained pullback. There are two main reasons behind the short-term recovery of major DeFi tokens. First, most DeFi tokens were heavily sold since September, causing most to […]
Ethereum is the top dog when it comes to DeFi. Other decentralized finance tokens are built on its blockchain and require ETH gas fees to transact. This also could be why the top-ranked altcoin is held up a lot better than the rest of the DeFi space, which has fallen on average 60% across the […]
Even after the recent rally, the prices of top DeFi coins are down massively since the summer highs. Data from CoinGecko indicates that the average DeFi coin has dropped by approximately 60-70% from their summer highs, underperforming Bitcoin massively. This comes in spite of the fact that the total value locked in DeFi contracts has […]