Ethereum's DeFi tokens are rapidly outpacing Bitcoin

[Gherkj34k 55]

Some DeFi have a strong impact on other currencies and even Bitcoin. If there is a promising project that requires deposits in bitcoins, then many investors will start buying BTC and raise its price

 

[Parviz23 26]

This is not a matter of trusting Bitcoin more or less.

 

This outpacing clearly shows the demand in the infrastructure for decentralized technology that the World was itching and waiting for.

 

Of course, with projects such as Chainlink - all this will now start entering a phase of exponential growth where blockchains are interconnected 

[LUISAHG. 49]

On 10/3/2020 at 9:23 PM, josss126 said:

Defi tokens are out passing because the fact that they have good technology and Defi Platforms are also making progress.

In good time waiting for some to heat up Bitcoin and so we users venerate ourselves. And better with cutting-edge technology ...

[maryoar 148]

Defi platforms are invading the cryptocurrency market, apparently they are sustainable over time, since they have liquidation initiatives. There is a pre-existing risk involved, due to the price of altcoins, which users invest, this may decrease, causing performance gains to disappear. In addition to this, there have been many errors and they sold out the pools. Many of these funds were covered by the projects, but we do not know if this will be the case if they are hacked for a large sum. However you have to risk funds for a long time. And there is no way to earn Bitcoin. Other assets would have to be purchased instead.

[LUISAHG. 49]

3 hours ago, corrtutby said:

DeFi - decentralized finances, it aims to replace traditional financial system when clients can have same service as in banks, but without banks ( loans, currency deposits, investing ). Most currently available services built on Ethereum blockchain and actively using smart contracts for its functioning. So it's only a natural that Eth tokens is gaining momentum and outpacing bitcoin.

If this token comes to revolutionize the market for crypto assets. In good time so that I bring good moments to the cryptographic market ...

[DollarDuck 106]

According to the some analytics, DeFi starting to be ready for the second round of pump. Whether it true or wrong it's safe to avoid it, as lots of better investment option out there. I would choice Bitcoin here over DeFi, that's make me more comfort.

[LUISAHG. 49]

3 hours ago, Gherkj34k said:

Some DeFi have a strong impact on other currencies and even Bitcoin. If there is a promising project that requires deposits in bitcoins, then many investors will start buying BTC and raise its price

 

Much truth DeFi is a currency that in the crypto market has made more than one currency nervous including Bitcoin ...

[LUISAHG. 49]

4 hours ago, DDermf said:

I think that by 2021 ETH will become the number 1 cryptocurrency as a large scale update is planned in the ETH network

This news if it is relevant that ether surpasses Bitcoin and DeFi if it is a very speculative expectation, it would be good. For us users ...

Avoid it I do not think you should let the market flow and have better days in this type of business if you can say business. True ...

[smeb97 28]

Thank you very much for this information. Who would believe this? The madness of defi is becoming more and more popular. Long live

[pliendo 32]

 DeFi tokens are growing rapidly rapidly, yet I don't think they will be able to outperform bitcoin, which continues to be the powerful currency.

[LUISAHG. 49]

1 hour ago, Parviz23 said:

This is not a matter of trusting Bitcoin more or less.

 

This outpacing clearly shows the demand in the infrastructure for decentralized technology that the World was itching and waiting for.

 

Of course, with projects such as Chainlink - all this will now start entering a phase of exponential growth where blockchains are interconnected 

There is more than one coin to trust. The preponderant factors are the substantive issues and not the superficial. I would like to understand both the concept in a more easy way ...

17 minutes ago, pliendo said:

 DeFi tokens are growing rapidly rapidly, yet I don't think they will be able to outperform bitcoin, which continues to be the powerful currency.

The truth my dear friend. The DeFi already surpassed the Bitcoin of course this was in the price but not in the market. But it may be the case. cryptos are cryptos ...

[Whited35 15285]

1 hour ago, KelvinSC said:

The DeFi is increasingly becoming a major player in the blockchain ecosystem. Beyond activities such as HODL or staking, DeFi allows cryptocurrency users to create new ways to produce money and increase their investments. They have enormous economic potential from blockchain like Bitcoin, it only improves future estimates of this sector.

@KelvinSC Are you into DeFi to invest the amounts to expect the passive incomes. In the past, DeFi tokens' crazes were stunning and some tokens were seen at the extreme peak of the price spike. Now, craze is in downtrend, I do not know what will be its base. 

[duncun007 3577]

13 hours ago, Raqeebzy said:

Craze. Everyone wants a quick profit making investment in DeFi tokens, thereby more funds locked in the protocol are swelling up massively which in turns means support of the tokens. This relatable to 2017 ICO craze, similar situation happened. 

The way I see it, such coin or token suffers a purge when the craze is over.

this is one of the reasons why i stayed away from the whole defi and uniswap craze, i see it daily with coins going up 40% or 50% but im not tempted to use it because to me when this end it will a bloody hell for everyone involved and there will be so many stories of those who lost thousands and even millions.

[hanguyen 41]

I saw a lot of defi projects being open recently. The DEFI matrix overwhelmed me, not knowing what is real or what is fake

[Raqeebzy 6456]

1 hour ago, duncun007 said:

this is one of the reasons why i stayed away from the whole defi and uniswap craze, i see it daily with coins going up 40% or 50% but im not tempted to use it because to me when this end it will a bloody hell for everyone involved and there will be so many stories of those who lost thousands and even millions.

You know, it is okay not to miss out, the profits are huge as the protocols keep skyrocketing. But that being said, there is need to make investment responsibly; it is never safe to put all life savings on DeFi as I have witness others do. I don't wish for it to crash but it will be a disastrous situation if that happens, so we have to be careful.

[Whited35 15285]

8 minutes ago, ugurkabadayi said:

This chart surprised me I will review my investments. Thank you for your helping to me .

@ugurkabadayi This chart was almost three months ago but anyway DeFi craze is in downtrend now. I advise you to follow some guidelines before investing in the DeFi tokens and the platform. If you incorrectly choose the wrong coin you may loss the amounts. 

[Whited35 15285]

4 minutes ago, ugurkabadayi said:

Thanks for your warning , I will invest after completing my research .

@ugurkabadayi It is just a friendly reminder for you friend. Looking like you are newcomer on this forum. Care to create replies more than 100 characters otherwise they will be marked as spam. 

5 minutes ago, Purnendu said:

So even Bitcoin can't withstand them. They may even be the explanation behind the cost of ethereum siphoning so high. DeFi is genuinely an incredible industry that individuals should wander into.

 @Purnendu I respect your opinion as DeFi sector is bringing a revolution in the financial sector. It is also a friendly reminder for you, do not create multiple replies in a row without helping a discussion to the same topic as it goes against forum rules. You might quote or mentioned someone if you wish to counter comment. Good luck 😍

[kengman 34]

How long defi will be actual depends with future hype. Current is defi hype,  seem all defi coin and token holder gain good amount of profit. The most stable when pump and dump only the king bitcoin.

[Krieg99 26]

On 10.07.2020 at 12:28, Whited35 said:

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

It seems to me that excessive attention to defi is caused by what at one time attracted bitcoin investors, people just saw the benefits in this and really defi gives investors the opportunity to receive interest on investments coupled with powerful functionality and sustainable technology, and defi also opens up attractive opportunities for arbitrage.

[karpincom 93]

That was predictable, because any token wont stay at the first place forever, even Bitcoin with its high demand and price. Moreover, technologies are growing faster and faster, so new outpaces the old

[Whited35 15285]

53 minutes ago, Krieg99 said:

It seems to me that excessive attention to defi is caused by what at one time attracted bitcoin investors, people just saw the benefits in this and really defi gives investors the opportunity to receive interest on investments coupled with powerful functionality and sustainable technology, and defi also opens up attractive opportunities for arbitrage.

@Krieg99But, some DeFi platform hacks have given the negative impressions to investors. Multiple hacking just indicates the growing pain in DeFi spec but anyway, developers are focusing to design the best system architecture, we might expect the best DeFi platforms in future. 

[bladexx 63]

DeFi shows great promise and the market is beginning to reflect this, as many DeFi-based tokens have had strong capital injections in 2020, with some tokens showing gains of over 60% in the last 5 days.

[estmerbol 257]

Because it is a growing network, of course it is gaining popularity, but it is also important to remember that in the world of cryptomonies you have to be careful. For me it is impossible that Defi tokens can overshadow BTC. As they gain confidence they will continue to grow and we will see in time.

[Diego666 2]

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I don't trust the whole defi boom. Imho it will crash like icos did back in days. And eth fees are just insanely expensive to use trading erc20 tokens

[Abysidro 29]

Actually the world defi was born for that to place the tokens to good value and I think it is very good because we do not have to be waiting for many crypto to have liquidity and then we who are the miners to be able to have some price and if it is low or can not be sold is already another process, in reality the world defi is great the decentralization of crypto come little by little and very soon we will see new crypto at high prices because the truth to know this world you have to 

Study it because there are always variations and very little is stable the market