Bitcoin News
By Sydney TheCMO
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Bitcoin rising high
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DeFi tumbling
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For the crypto and blockchain community, the summer of 2020 would be best remembered for the stellar rise of the DeFi ecosystem.
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As per the market reports, Bitcoin has witnessed a solid 50 percent growth since the initial quarter of September this year.
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After months of huge craze, the DeFi scene seems to be encountering a sharp decline of late.
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As per many market experts, it’s no surprise to see the DeFi craze cooling down at the moment.
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Then, experts have also highlighted the poor infrastructure of several DeFi projects as a key reason behind the steady decline in the DeFi today.
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“A number of DeFi projects are based on poor infrastructure which has eventually failed to provide the desired ROI to investors. Then, you have the problem of hackers.
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On the other hand, in spite of the DeFi cool-off, around $360 million in BTC has been shifted to Ethereum last month.
The Currency Analytics
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