Ethereum's DeFi tokens are rapidly outpacing Bitcoin

[TengoDinero 132]

I have personally only managed to take advantage of the growth of LEND and have been making a profit trading the LEND / BTC pair using the Bitsgap mesh trading bot

[adham 8]

ربما ، لما لا

[dpozzino7 7]

none can beat bitcoin

[Diego Alfredo Moral 28]

On 7/10/2020 at 4:43 AM, Sabu99 said:

As far as I am also happy that now Defi tokens are out passing because the fact that they have good technology and also these are the coins that have a bright future for us. And Defi Platforms are also making progress.

I think the same. Very hopeful of the emergence of the various DeFi tokens, which if they can be purchased in the initial phases, leave an excellent profit.

[josss126 41]

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

[DollarDuck 106]

I think if the blind DeFi craze continues like this, Governments would most probably try to regulate them as they did with the ICOs. As most of the DeFi projects work on a governance protocol, the Government can successfully regulate them by pressurising those who are capable of modifying the governance protocol which the DeFi projects rely on. 

[jmatos101 70]

I agree with you with the fact that Ethereum is growing fast and it has a bright future but I dont really think its gonna be more important than Bitcoin. They are having a great increase and their software is super well created but to my opinion its not gonna be better or more important than Bitcoin, well at least for the coming 8 month its going to be like this.

[josss126 41]

As far as I am also happy that now Defi tokens are out passing because the fact that they have good technology

and also these are the coins that have a bright future for us.

And Defi Platforms are also making progress.

[kengman 34]

So much for all these ridiculous defi coins getting destroyed and dump more then 100%. I am done with all these defi coins that have stupid names and are a fork of a fork of another cloned fork 😠😠 that have STUPID low supply that makes price go crazy and loose sooooooo much value. And are farming shit coins that farmers DUMP...stakers DUMP...and the coin dumps because if stupid listing fomo...

[rodrigozepol 94]

All variants of the crypto world with their pros and cons are welcome, there is a market for everything and they are alternatives that in the flexible and versatile ecosystem that is crypto are useful, although not for everyone, you need more education than to buy a simple satoshi or ether, although they will always be far from the big bitcoin

[hanguyen 41]

With the strong development of DEFI, will the ETH network be damaged?

[MrRobotElija 62]

Everything is cyclical, defi projects are also not eternal, in 2-3 months they will be replaced by new attractions for distributing money

[bry.anthny9 7]

IMO, DeFi is not outpacing BTC, because the Marketcap is low, maybe some coin such as YFI has surpass BTC price, but its just because the supply is very low, if we compare to the marketcap, YFI is even not top 10 coin

[elenavshubke 55]

On 10.07.2020 at 10:28, 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

very useful information for me, I want to read every single answer. Thank you for creating this topic and giving you the opportunity to read the answers, because they can contain a lot of useful information for a beginner, this is generally a treasure and a godsend.

[luis19btc 38]

On 7/10/2020 at 4:28 AM, 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

These decentralized finance protocols gave a turn to the crypto market in a short time they welcomed a lot of community practically they are here to stay

[Whited35 15285]

10 minutes ago, luis19btc said:

These decentralized finance protocols gave a turn to the crypto market in a short time they welcomed a lot of community practically they are here to stay

Well, DeFi craze is looking stunning. If you locate some statistical data, more than $8 billion equivalent currencies are still locked in the smart contract of the DeFi protocols. It indicates how DeFi craze and DeFi products are grabbing public attentions. 

[Gabriels100 157]

DeFi platforms are invading the crypto market as this is a novel monetary system built on public blockchains, which is likely to transform the financial world.

[roman20025 42]

I think that DeFi - it is a future, if the comissions on ethereum network go down - Defi services on ethereum can be used in every-day life

[lange_marck 40]

icos were a good thing until many scammers started cheating and stealing people and there were many devs who had no experience with things in the real world but came to deceive investors with false promises and as a result today we had have many shitcoins

[Bennie1984 12]

So what is the best defi token to invest in?

[Bennie1984 12]

I like ankr and you?

 

[Ahmed Abdelfatah 8]

Please can you help me know what is the best ways to earn more eth? 

[lem73 11]

DeFi is making great progress as some DeFi related tokens have made gains of more than 100% and this is partly due to COMP's reward mechanism and yield farming that allows users to act both as lenders and borrowers to earn tokens of COMP. Some of these coins is Chainlink (LINK) which is the largest cryptocurrency of the Aave protocol after the LEND token itself.

[buildupks 38]

Certainly DEFi has a good future but we have to study well any DEFi project that we want to invest in because many have been created to be "Exit Scam" even so it cannot be denied that many projects like PolkaDot or UniSwap are true DEFi projects that have resulted be very profitable.

If anyone knows someone else worthwhile, I am happy to read their comments because so far I have personally participated in they have turned out to be very good.

Let's see financial freedom :)

[mertcanozluk 19]

I hope Defi wont be bubble projectss