The report is originally published on Decrypt which suggests 10 Ethereum's DeFi Tokens associated with different DeFi applications have massive gains(up to 804%) to outperform the broader crypto market in the past three months. They grew more than Bitcoin which is itself incredible to see. The report has created an earthquake in the crypto community during these past three days. Tokens associated with lending and liquidity protocols like Aave’s LEND token( Native Token from Aave lending protocol which has 804% growth) and Bancor (BNT) ( Bancor is an Ethereum-based protocol which enables pooled liquidity) are the best performers.
Have a look at the following data where you can clearly see 10 DeFi tokens have been gaining growth between 41% and 804% since April 8.
Image:-Messari
So guys, what do you think why DeFi platforms and DeFi tokens are grabbing more attention of investors in the crypto world? Clearly, there is a massive gain for some tokens, is it sustainable?
References:-
https://defipulse.com/
https://decrypt.co/34942/ethereums-defi-tokens-are-rapidly-outpacing-bitcoin