Only 400,000 or so addresses have used DeFi: sign of further growth to comeBTC $11,695 (+0.7%) • ETH $432 (+3.2%) • XRP $0.28 (-0.3%)
Decentralized finance (DeFi) has continued to erupt in popularity, with capital flooding into this space at an amazing pace. Just today, the price of the Ethereum-based Yearn.finance (YFI) hit $38,000, meaning the coin now has a market capitalization in excess of $1 billion. Stepping back, all the coins pertaining to this space have cumulatively reached a value of $16 billion, which is the value of a medium-sized enterprise. There have been already some calling it a bubble, pointing to the similarities in the growth trajectories and market trends of DeFi in 2020 compared to the entire crypto market in 2017 and early 2018. But, recent data shared by a trader indicates that there is likely further room for DeFi to grow. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬Why Japan’s crypto traders chose Bitcoin over alts earlier this year
A new study from a Japanese crypto exchange showed the country’s crypto fanatics favored Bitcoin ahead of local favorites XRP and Monacoin, with trading volumes for the former significantly higher than the latter two and other altcoins. Thanks to our premium sponsors⭐️ CryptoAltum - CryptoAltum is a leading trading platform with a special leaning towards digital assets. Its mission is to make crypto trading easy and accessible to everyone. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Ethereum DeFi giant Yearn.finance (YFI) is literally up 1,000,000% since its July launch
Yearn.finance (YFI) has taken the entire crypto industry by storm over recent weeks. VC: This cycle’s altcoin rally is likely to eclipse the crypto mania of 2017
Altcoins have performed extremely well in 2020, with a majority of reputable crypto projects easily outpacing Bitcoin. More than 95% of the net worth of Ethereum protocol Synthetix’s founder is in SNX
In the traditional world of finance, risk management is a key aspect of any investor’s skillset. The Winklevoss Twins think Bitcoin will hit $500,000 over a long period of time
By most analysts’ interpretations of the Bitcoin price chart, the cryptocurrency market is in the early innings of another bull trend. Ethereum DeFi craze continues with SushiSwap: $250 million locked in an unaudited contract again
The decentralized finance (DeFi) craze is far from over, even after weeks of copy-cat projects and a number of unfortunate “rug pulls” (scams). Chainlink oracles to be deployed on privacy-centric DeFi app
The Oasis Foundation, an organization supporting the development of the Oasis Network and its ecosystem, will integrate Chainlink’s market-leading decentralized oracles to enable support for Decentralized Finance (DeFi), and various other privacy-focused blockchain dApps built on the Oasis Network, it said in a release shared with CryptoSlate. Why this top macro investor expects the Fed to help launch Bitcoin higher
The Federal Reserve Chairman revealed in a recent speech that the central bank would be breaking from years of historical precedent with their latest decision to allow inflation to run high while keeping interest rates low. The US Fed’s crazy inflation is making investors hoard Bitcoin…and whiskey
Fears of massive oncoming inflation, led by incessant money printing and economic disbalance in the US, is causing investors to seek refuge in a variety of alternative assets, including Bitcoin, gold, and even whiskey. 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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