Coinspeaker
DeFi Protocols Stage Strong Resurgence amid Macro Developments
The decentralized finance (DeFi) market is preparing for the second wave of growth as per the latest report from Apollo Crypto, an investment management firm specializing in digital assets.
After the peak of the “DeFi Summer” back in 2020, the sector faced a major slowdown. However, in recent times, DeFi protocols like Aave, Uniswap, and Maker have gained a lot of popularity. “As of today the total DeFi TVL sits at approximately US$105 billion with many calling for the resurgence of DeFi and a return to the strong fundamentals it offers,” noted Apollo Crypto in its latest report.
The report also mentions some of the macroeconomic developments as the driving force behind these developments. This includes the recent Fed rate cuts along with the monetary easing measures undertaken by the Chinese central bank PBoC with a more than $140 billion infusion. Apollo Crypto noted that these macro deve
We współpracy z: https://www.coinspeaker.com/defi-protocols-stage-strong-resurgence/
