The decentralized finance (DeFi) landscape exploded independently from Bitcoin (BTC) last year and the so-called DeFi summer of 2020, which was ignited by emerging staking options, could have a sequel this year.
Despite the recent price correction, judging by the latest jumps yield farming coins are on the rise and the liquidity mining hype could drive this year’s temperatures even higher.
Yield farming coins getting heated
The emergence of a myriad of new DeFi projects and the rise in the sector’s popularity were followed by abundant investment support as the sector’s market cap currently sits at $73.94 billion.
DeFi continues to grow, while prices of DeFi yield farming coins are on the rise across the board, bringing this sector’s market cap that grew 23.65% during the seven-day period to almost $15 billion.
The attraction of providing liquidity via cryptocurrencies to decentralized protocols, which in return reward users willing to bring capital to their platforms, a
Źródło: https://cryptoslate.com/defi-summer-2-0-synthetix-aave-sushi-pump-double-digits/
