DeFi Market Recovers From 30-Month Low as Volume Hits Highest Point Since March

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.

The total value of all assets locked on decentralized finance protocols has surged to a three-month high of $42 billion after being at its lowest

Alongside a hike in asset prices, transactional volume across DeFi protocols rose to its highest point since March, with $4.4 billion recorded on Oct. 24, according to On Ethereum, meanwhile, the amount of capital on Enzyme Finance, Spark and Stader have all risen by between 37% and 55%, outpacing the rise in asset prices to illustrate fresh inflows.

 

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

 /  🏆 291. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

In the Market: Treasury market braces for seismic SEC ruleTreasury market participants expect U.S. regulators to soon finalize a major rule aimed at reining in debt-fueled bets by hedge funds and bolstering financial stability. They worry it could also reshape the industry and create new problems.
Source: Reuters - 🏆 2. / 97 Read more »

Analyzing the market sell-off: Routine S&P 500 correction or something more serious?Last week's 2.6% slide in the S&P 500 also reflects the more disorderly risk-fleeing action that follows a broken uptrend.
Source: CNBC - 🏆 12. / 72 Read more »