• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / DeFi / Are DeFi assets now the neglected child of crypto markets?
Are DeFi assets now the neglected child of crypto markets?

Are DeFi assets now the neglected child of crypto markets?

October 7, 2021 by Chayanika Deka

Bitcoin’s [BTC] upward strides have had little or no effect on the decentralized finance realm. DeFi witnessed some serious fluctuation as bearish sentiment was overwhelmed the market. According to the latest report by Delphi Digital, decentralized finance [DeFi] assets have turned into “the neglected child of crypto markets.”

The beginning of the year saw DeFi extend its 2020 summer success as part of the wider bull run. However, as the latter turned sour, DeFi followed suit as well. On the other hand, the crypto market’s recovery failed to catapult the decentralized finance realm.

On a similar note, Delphi Digital also observed that DeFi’s significant run-down, after a strong rally into the year, when valued against Ethereum [ETH]. Spot volume on crypto exchanges Binance, FTX, and Coinbase has nearly doubled since the end of September. Recent data resurgence of activity in spot markets inspires some confidence.

Its tweet regarding the same read,

“DeFi assets are now the neglected child of crypto markets. After a strong rally into the year, DeFi has gotten battered when priced against ETH. And this is after taking ETH’s 60% drawdown in May into consideration.”

FBDeDCSXIAACdyW
Are DeFi assets now the neglected child of crypto markets? 5

DeFi’s rescue – A ray of hope?

Despite the gloomy picture. Ethereum’s resurgence might come to the rescue. According to the latest data exhibited by DeFiLlama, the Total Value Locked [TVL] in decentralized finance has reached an all-time high of a whopping $204 billion after shedding significantly over the last month. To put things into perspective, the levels these high were last seen in the first week of September.

The latest trend can be attributed to the rise of prominent Lending platforms and decentralized exchanges [DEXs]. These two cohorts of applications continue to remain the most dominant factors catalyzing volumes for decentralized finance infrastructures across all chains. However, DEXs hold a higher position and are currently witnessing more participation and activity than Lending.

DeFi

At the moment, decentralized exchanges based on Ethereum have been soaring. Even though Lending enjoyed traction, DEXs are still winning and attracting more inflows into the network, as depicted by Coin98 data.

Data on Binance Smart Chain [BSC] also echoed a similar sentiment where DEXs amassed well over 60% market share with respect to TVL. Polygon’s DEX also accounted for more than half of its entire TVL. This was true for the Solana network as well where decentralized exchange accounted for more than 70% of all the value.

Capture
Are DeFi assets now the neglected child of crypto markets? 6

Filed Under: DeFi, News Tagged With: DeFi, Ethereum (ETH), Polygon, solana

Primary Sidebar

Recent Posts

  • Huobi co-founder to sell major stake worth over $1B? August 14, 2022
  • Ethereum rises to glory in BTC over last 8 months August 14, 2022
  • Cryptocurrency balance freeze of Vauld: Indian saga August 14, 2022
  • Vauld’s Legal Woes Mount After ED Freezes Assets Worth $46M August 12, 2022
  • XRP Rewards Programs Now In Japanese Shinsei Bank August 12, 2022

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2022 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.