Dollar markets Stablecoin defi finance Dollar

Crypto and fiat savers are making a fatal error — and DeFi can come to the rescue

Reading now: 497
cointelegraph.com

There's no escaping it: the DeFi markets have cooled down over the past year.After breaking $180 billion in total value locked last November — coinciding with Bitcoin racing to a new all-time high of $68,700 — data from DeFiLlama shows the collective value of this market has now dwindled to around $40 billion.Nonetheless, experts remain bullish on the potential of decentralized finance.

Protocols are continuing to build furiously during the bear market — ensuring that they'll be in a strong position for the next wave of adoption.

And although this recent contraction has scared away some retail investors, there are still opportunities to be had.Here's the problem — across crypto and fiat, many consumers are making a fatal error.

Whether their savings are denominated in U.S. dollars or stablecoins, they're letting their capital sit idle in accounts that aren't earning interest.

Read more on cointelegraph.com
The website financemag.cash is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA