DeFi market continues to grow
The volume of blocked assets in the DeFi sector continues to grow. According to DeFiPulse.com, the value has approached 12.4 billion over the past 3 days. This suggests that the prevailing opinion about the DeFi sector being a “bubble” on the market is now being questioned. The cryptocurrency market needs these tools and right now it is going through an adaptation phase.
The growth of the DeFi sector was accompanied by the main cryptocurrencies, Bitcoin (BTC) almost reached a value of $ 13,000 per coin, Ethereum (ETH) surpassed the value of $ 400 for 1 ETH.
UNI token issued in mid-September 2020 by the Uniswap project continues to be the market leader. The project takes over 22% of the entire DeFi sector.
Investors are looking for a “safe haven” amid the upcoming elections in the United States, and in addition to such classic methods of “avoiding the dollar” as buying gold, they are trying new investment instruments. It is highly likely that after having a pleasing experience with cryptocurrencies, investors will prefer to work in the DeFi sector, given the rapid development of the sector and the emergence of new tools.
We see that the current situation is favorable for the launch of the DYMMAX project and we are sure of its success. We are approached by corporate clients interested in protocol integration. Follow our news. Best regards, project team.