Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: RSRS on August 14, 2021, 02:43:38 PM
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Crypto Briefing sits down with Ethereum analytics firm Nansen’s researchers to discuss the state of DeFi since the market-wide crash in May.
DeFi Yields Are Falling
Crypto is currently experiencing a positive rally, aiming for all-time highs reached during Q1 and early Q2 of this year. The explosion of the DeFi and NFT niches highlights the market’s eagerness to participate in the Ethereum ecosystem. One of the biggest driving forces behind DeFi’s growth has been yield farming, which exploded last year in what’s now referred to as “DeFi summer.” While DeFi has grown since then, Nansen analyst Young says that yield farming is “unique to DeFi and severely underrated by DeFi users.”
The recent bear trend in the market has differed from previous ones as crypto holders now have a way to put their assets to work. The negative price action in volatile assets has driven many more risk-averse farmers to stablecoin pools. Nansen researcher Yuffie says that data has pointed to “massive inflows into stablecoin pools on DEXs since May.” Curve Finance, one of Ethereum’s top decentralized exchanges that primarily focuses on dollar-pegged assets, has seen a $2 billion in total value locked since May. She adds:
More information (https://cryptonews.net/en/news/defi/1411029/)
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