Market Wrap: Bitcoin Flat at $11.2K; DeFi Has Highest Volume Month Ever
A weak bitcoin market is not stopping Ethereum-powered DeFi growth.
Bitcoin’s price is trending up. Meanwhile, interest rates for lending crypto in DeFi are still unpredictable.
DeFi trading bots create "walls of executions," resulting in higher rewards for Ethereum miners, higher profits for traders and higher fees for everyone.
ParaFi and D1 have invested a total of $450,000 into Bitfinex spin-out DeversiFi and will now play a governance role in the project's DAO.
Capital from dying token projects and an inflationary environment provide conditions for crypto's march towards a $1 trillion market cap.
Reflexer Labs, a new decentralized finance project aimed at softening volatility, has closed a $1.68 million seed round led by Paradigm.