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Cryptocurrency Ecosystem => DeFi tokens => Topic started by: RSRS on October 09, 2021, 07:15:09 AM

Title: DeFi picks up the pace as alternate blockchains and NFTs boom
Post by: RSRS on October 09, 2021, 07:15:09 AM
As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols grew more than 20%, from $113.5 billion on Sept. 28 to hit $137 billion on Oct. 6, as per data from Dappradar.

Even the Bank of America (BoA) — a global banking giant — has revealed its bullish outlook on DeFi and nonfungible tokens (NFTs). In an Oct. 4 report by BofA Securities — a subsidiary of BoA — the firm evaluated the scope of crypto assets beyond “just bitcoin.”

More Information (https://cryptonews.net/en/news/defi/2154687/)