DeFi Token Trends for February 2021

[Fariwala]

As ETH rises on a steady tear, select DeFi tokens are fighting to keep up with the growth. The biggest gainers are those of well established blue chips like AAVE and SNX along DEX governance tokens like SUSHI and UNI.

There’s a lot of talk around Layer 2 (L2) scalability, especially with gas costs reaching new highs amidst the ETH bull run. With Synthetix planning to move to L2 on January 15th and Uniswap soon to follow with Uniswap V3, its likely that these governance tokens will play increasingly important roles in their respective ecosystems. Compound’s choice to build out Compound Chain signals a sign in this direction, and it’s likely that other key governance tokens like BAL will help shape protocol upgrades in 2020.

Meta-governance projects like INDEX will look to play into the conversation while yield farming aggregators like ALPHA look to capture idle ETH for interest-earning vaults.

Outside of DeFi, centralized exchange tokens like FTT (FTX’s token) continue to perform well amidst retail attention, best highlighted by Celsius’s mysterious ecosystem propelling CEL to new ATHs. But, don’t let price trick you. With all custodial tokens comes an added degree of trust.

Stay safe out there!

More details: https://defirate.com/tokens/#:~:text=DeFi%20has%20established%20itself%20as,value%20capture%20for%20DeFi's%20growth.

[Sumaiya2]

Yes brother you have made a very good post I agree with your post.  Because in 2021 the Defy platform has now become hugely popular.  That's why I think the state of the Defy platform is much better in the future.  Because Defy Platform occupies a huge place in cryptocurrency.

[I-Bit]

As we know, Defi has been introduced the last year and hopefully this can be one of the ways to make the new era of cryptocurrencies are here. However, Defi also has some weaknesses where there are so many scam Defiand sometimes the projects are still not clear