The value of crypto locked in DeFi has passed $3B; Will this propel token prices higher?BTC $9372 (+0.1%) • ETH $245 (+0.3%) • XRP $0.20 (+1%)
There’s now over $3 billion worth of crypto locked within the decentralized finance ecosystem. This marks a stunning 200 percent climb from what this number was just over a month ago, with this growth backing the strong uptrend seen by many DeFi-related tokens. It appears that a few primary factors are backing the growth this metric has seen, including the launch of new protocols and tokens, yield farming’s mounting popularity, and an increase in the amount of value locked within decentralized exchanges and derivatives. For the relatively small DeFi token sector to continue extending its parabolic growth, users must continue heavily interacting with protocols. More news ⏬ICON taps Band Protocol oracles to bolster dApps in South Korea
One of the biggest South Korean cryptocurrency projects will now feature oracles services from a cross-chain data platform. Thanks to our premium sponsors⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. What the rest of the year will look like for Cardano (ADA)
The hard fork that will turn Cardano Shelley on is just days away, which means that the crypto market is eager to find out what lies ahead for Cardano after July 29. Investor: 4chan has become crypto’s “largest market driver” after Chainlink boom
There are some that don’t think highly of 4chan — the anonymous messaging board. Analysts expect Ethereum to see an explosive movement as options OI rockets
Ethereum’s price action over the past several weeks has grown closely tied to that of Bitcoin. U.K. strengthens consumer protection laws for Bitcoin and crypto ads
Cryptocurrency firms advertising to United Kingdom citizens will be governed by legal regulations for marketing their products, as per Her’s Majesty Treasury announcement Monday. Altcoins are going parabolic, but a VC says Bitcoin and DeFi will grow in “lock step”
Unlike normal, the crypto spotlight has been focused on Ethereum’s budding decentralized finance (DeFi) ecosystem over the past few weeks, not on Bitcoin. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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