🧵 1. DeFi is making a comeback, with $60 billion deposited in crypto projects, driven by the rise of bitcoin and spot ETFs. #crypto
🧵 1. DeFi is making a comeback, with $60 billion deposited in crypto projects, driven by the rise of bitcoin and spot ETFs. #crypto
🧵 2. Daily trading volumes on DeFi protocols reached $7.3 billion, the highest since March 2023. DeFi-linked crypto tokens now valued at $77 billion.
🧵 3. DeFi offers decentralized investing, borrowing, and trading without intermediaries. Lower US interest rates also boost appeal as investors can earn higher yields.
🧵 4. Caution: DeFi's extreme volatility. Deposits went from $17.3 billion (Jan 2021) to nearly $178 billion (Dec 2021), then dropped below $40 billion (Dec 2022).
🧵 5. Keep an eye on Solana, a prominent blockchain platform in the DeFi space. It's gaining attention as decentralized finance regains momentum.
🧵 Read more at: https://finance.yahoo.com/news/cryptoverse-defi-dream-still-alive-062425382.html