DeFi Experts: “The Biggest Gains Are Made During Market Corrections.” How Gnox (GNOX), Bitcoin (BTC), and Polkadot (DOT) Will End Up On Top
While no one knows for certain where the crypto market will be by year’s end, one thing is certain — the market is down. Way down. But as they say, when there’s blood in the streets, that’s the time to start being greedy.
Value Locked in Defi Slips to $74 Billion, Top Smart Contract Tokens Down Over 70% This Year
Decentralized finance (defi) has been hit hard by the recent crypto market rout as the total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion. The TVL in defi today is down more than 70% from its December 2, 2021, all-time high (ATH) at $253.91 billion. Moreover, since December 2021, the top smart contract platform tokens have lost 70% in value against the U.S. dollar as well, sliding from $823 billion to today’s $245 billion.
Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi
Cryptocurrency exchange Coinbase is seeing a growing focus on Ethereum competitors, the institutionalization of decentralized finance (DeFi), and non-fungible tokens (NFT).
Compared to Gaming and Gambling Dapps, DeFi Is Still Behind
Despite the ongoing hype surrounding the growth and popularity of decentralized finance (DeFi) applications last year, gaming and gambling remain the most popular use cases for blockchain apps.
Ripple’s Xpring Looks to Build XRP DeFi Products With New Acquisition
Ripple has made its first move towards building decentralized finance (DeFi) products based on XRP.