Australia’s DeFi Boom: Growing Excitement as New Projects Launch

[TomPluz]

I think that Decentralized Finance or DeFi is really here to stay and is gaining a big traction in the marketplace...


Australia is experiencing a DeFi boom, with leading derivatives project Synthetix joined by buzzy newcomers Thorchain, Ren and mSTABLE.

Australia is experiencing a decentralized finance (DeFi) boom, playing host to some of the most talked-about projects in the space.

They include longtime DeFi leader Synthetix (SNX), the up-and-coming Thorchain (RUNE) along with the just-launched Ren (REN) and mSTABLE (META).

RUNE has increased 167% in the past 30 days, REN is up 36% (mostly in the past week),  and SNX is up 35% — and 2,600% since its lows prior to launching last year.

More here...