Velar to Launch World's First PerpDEX on Bitcoin with $3.5M Seed Fund coinspeaker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coinspeaker.com Daily Mail and Mail on Sunday newspapers.
Search
Ethereum Gaining Interest as Institutional Asset Class as Decentralized Finance Gets Boost with Bitcoin focused DeFi Platform: Report
December 12, 2020 @ 3:54 pm By Omar Faridi
Ethereum (ETH), the world’s largest smart contract platform, and major decentralized finance (DeFi) assets have dropped during the past week. However, DeFi-related infrastructure is getting a boost from Bitcoin (BTC), according to a report from OKCoin.
During the last week, top DeFi platforms such as Yearn.finance (YFI) and Aave (AAVE) faced moderate price corrections while some smaller-cap initiatives experienced strong gains.
The report from OKCoin noted:
“The fundamentals of the DeFi space continued to gain strength… The Ethereum 2.0 upgrade saw further support from users while individual protocols announced positive developments. The space also got a big boost with a group of developers launching a Bitcoin-focused DeFi platform to attract BTC holders.”