DeFi market

What Is DeFi?

DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a […]

DeFi sector struggles as Bitcoin sees another surge

Bitcoin price recently saw a significant increase, while at the same time, DeFi tokens started declining. The two appear to be in negative correlation, and some speculate that BTC might be taking capital away. DeFi projects have been losing money to Ethereum, as well, even though most are based on its network. Both Bitcoin (BTC) […]

Kava CEO Brian Kerr: DeFi Will Escape Ethereum’s Dominance In 2021 (Exclusive Interview)

DeFi will breakout of Ethereum’s grip due to current network issues, while the sector becomes even more cross-chained in nature, according to Kava CEO Brian Kerr. CryptoPotato recently had the opportunity to interview Brian Kerr – the CEO of the DeFi project Kava. Built on Cosmos as a proof-of-stake blockchain, Kava allows users to stake […]

DeFi indexes crash despite strong fundamentals

Binance Futures’ DeFi Composite Index has lost half of its value since launching, while TokenSets’ DeFi Pulse Index is down by one-third. On August 28, Binance Futures launched its DeFi Composite Index, a basket of DeFi tokens that initially comprised 27% Chainlink (LINK) and 11% Aave (LEND) alongside nine other prominent DeFi tokens that made […]

Ether Price Hits 2020 High: Key Reasons Why ETH Outperforms Others

The price of Ether has hit a new yearly high at $322, as three key factors appear to be catalyzing the rally. The price of Ethereum (ETH) has reached a new yearly high at $322, surpassing the previous high achieved in February 2020. Three key catalysts are seemingly behind the ETH rally. Since early 2020, […]

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