DeFi summer 2.0? 'Gen 2' tokens on a tear amid wider market slump
Decentralized finance 'Gen2' tokens sprint forward as the broader DeFi market gasps for air As some brand-name decentralized finance (DeFi) tokens sputter, a crop of new projects have emerged that are catching strong bids on the back of aggressive yield farming programs, generous airdrops, and significant technical advances. It’s a set of outlier projects pushing forward on both price and fundamentals that has led one crypto analyst, eGirl Capital’s mewny, to brand them as DeFi’s “Gen 2.” feels like theres a gen 1 and gen 2 of defi tokens now the former is stagnant and the latter is....
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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....
Overbooked audit firms are “rejecting” DeFi projects for code checks as the young sector wallows in its first bear market.
A report by Steno Research states that the decentralized finance (DeFi) summer on Ethereum and the crypto market could return as early as 2025. Four years after the fondly remembered DeFi summer of 2020, the total value locked (TVL) in protocols can hit an all-time high by early next year. However, the return of DeFi […]
Last summer, DeFi took the world of financial services by storm, but the question is: Will history repeat itself? Over the last year, decentralized finance has been the hottest topic of discussion in the crypto world, pushing the entire industry to new heights, developing innovative applications for the technology, and making financial services more accessible. It intends to place economic infrastructure back in the hands of the people, and just like how TCP/IP facilitated the growth of so many enterprises on the internet, decentralized finance is bringing business onto the blockchain.Last....
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 […]