![]() What happens in a bear stock market also happens in a crypto winter, which is investor appetite for cash-generating assets. These include stablecoins, synthetic assets, and other types of tokens that are used to trade or interact with DeFi protocols. It includes everything from lending and borrowing platforms to stablecoins and tokenized BTC.ĭeFi crypto is more granular it refers to the actual digital assets that power these protocols and applications. ![]() “Decentralized Finance” encompasses the broad category of financial protocols and applications that run on Ethereum and other blockchains. While the current TVL is a fraction of what it was during the 2020 DeFi summer hype, DeFi protocols are still processing billions of dollars worth of transactions daily.īut since we are in a bear market, the best DeFi coins are the ones that have cemented their place, reliably maintaining safety features, a growing community, and regular updates. In November of 2021, the Total Value Locked (TVL) reached almost $100 billion, which has since declined to just under $30 billion today. "DeFi Summer" in 2020 saw a rapid increase in the value locked in DeFi protocols, not just on the Ethereum platform but also across several other blockchains. ![]() Since then, the DeFi ecosystem has exploded, with hundreds of projects launching and attracting billions of dollars in value locked up in Ethereum smart contracts. In 2018, Ethereum developers first used the term “decentralized finance” (DeFi) to describe the new wave of financial applications built on Ethereum. ![]()
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![]() Video of pigs licking plates used for serving food in Rajasthan govt canteen goes viral. ![]()
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