Boom and bust: How are Defi protocols handling the bear market?

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Building during a bear market is common advice, but what are DeFi protocols up to during the downturn?

has been one of the fastest-growing sectors in the crypto space since its emergence in 2018. However, like many other sectors, DeFi has seen a negative impact in the current bear market.

This leads to the question: Which protocols will usher in DeFi's next generation of technological advancement, and which won't?While the ants are busy storing food for the winter, the grasshopper is busy playing his fiddle and singing away the summer. Finally, when winter arrives, the grasshopper goes to the ants for help because he is freezing and hungry.

So, it seems reasonable to think that the protocols focused on hype and profit are the most likely to fail during a bear market, while projects focusing on creating real user value are more likely to survive.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

NEW LAUNCH! 🟢 $HADOUKEN (real project hodl) HADOUKEN 🔥Audit complete 🔥Website: 🔥Max wallet 2% 🔥1b supply 🔥Buy Tax 7% (3% marketing wallet , 3% reflections 1% liquidity) TG: 0xf106b0c6532b551eb72b29d0e2143c2b405e1941

80,000 supply! Most rojects are chasing pennies forever then swaps that reduce your coin holdings, taking your hard earned money for sake of the project, not you! Own a project that has the real potential for upside. Low Supply Renounced LFG AmeNoKoyaneETH Crypto_Sisters

Only the strong ones will prevail, and the money motive projects will absolutely fail during these times

🚀 Thnks a millon.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Network Tron Set to Capitalize on DeFi Boom With Wintermute as Market Maker.TronFoundation's DeFi ecosystem has added over $1.2 billion in value since June even as the value locked on DeFi markets on other blockchains, such as Ethereum and Solana, has tapered off. By shauryamalwa tronfoundation shauryamalwa $ATOM weekly chart 9/12/22 tronfoundation shauryamalwa Tron taking a page from Solana's book and faking locked up value?
Source: CoinDesk - 🏆 291. / 63 Read more »

Investment firm Two Sigma Ventures raises $400 million across two roundsTwo Sigma Ventures invests in crypto and DeFi startups, as well as other firms that use data and technology for social advancement.
Source: TheBlock__ - 🏆 464. / 53 Read more »