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Ethereum News & Updates / Ethereum DeFi Broke Records in June, But Other Categories Are Suffering
« on: July 04, 2020, 04:27:17 AM »
Ethereum’s 2020 DeFi boom came at the cost of its gaming ecosystem.
Results for the second quarter of 2020 show tremendous growth for decentralized applications across all ecosystems, primarily spearheaded by Ethereum (ETH) decentralized finance, or DeFi.
Decentralized exchanges were at the frontlines of the rise as Compound token mining activity trickled down to on-chain swapping solutions.
According to Our Network, Curve was one of the biggest beneficiaries of yield farming as it helped users switch between different stablecoins to maximize yield.
Read on: https://cointelegraph.com/news/ethereum-defi-broke-records-in-june-but-other-categories-are-suffering
Results for the second quarter of 2020 show tremendous growth for decentralized applications across all ecosystems, primarily spearheaded by Ethereum (ETH) decentralized finance, or DeFi.
Decentralized exchanges were at the frontlines of the rise as Compound token mining activity trickled down to on-chain swapping solutions.
According to Our Network, Curve was one of the biggest beneficiaries of yield farming as it helped users switch between different stablecoins to maximize yield.
Read on: https://cointelegraph.com/news/ethereum-defi-broke-records-in-june-but-other-categories-are-suffering