DeFi News

DeFi Economic Activity Declines in August

The decentralized finance (DeFi) sector experienced a notable decline in economic activity in August, with trading volumes across DeFi protocols dropping to $52.8 billion, marking a 15.5% decrease from July.

Bitcoin Market Dominance in 2023 Reaches Highest Level Since April 2021

The Binance Research Institute released the 2023 semi-annual report, which pointed out that the dominance of the Bitcoin market reached the highest level since April 2021 at the end of the half year, and its price performance of more than 87% year-to-date was significantly better than many TraFi investments.

Demystifying the Mechanisms and Risks of Leading Stablecoins

Since the LUNA thunderstorm and the Silicon Valley Bank thunderstorm triggered a series of black swan events such as the decoupling of the world’s second largest encrypted stablecoin USDC, the market’s distrust of the concept of stablecoins seems to have reached a threshold.