Ethereum's DeFi tokens are rapidly outpacing Bitcoin

[WhiteCloud 2]

Отчет вызвал землетрясение в криптосообществе в течение этих последних трех дней. Токены, связанные с протоколами кредитования и ликвидности, такими как LEND token Aave( родной токен от aave lending protocol, который имеет рост 804%) и Bancor (BNT) (Bancor-это основанный на Ethereum протокол, который обеспечивает объединенную ликвидность) являются лучшими исполнителями.

[niwabo 4]

On 7/10/2020 at 2:28 PM, 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

how about BSC binance smart chain

[Mabelita 49]

If I have seen with amazement how certain ERC20 tokens have exceeded the value of bitcoin even in just a couple of months or week, impressive the exponential price increase of these tokens, but of course bitcoin as a currency of value has shown that despite the years it has maintained a good performance, one would have to wonder how much they will increase or these tokens will be devalued over time.

[Datincc 57]

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

Right now most Defi projects are down by half, when bitcoin picks up they might go up. Do you think there is still a lot of load left for Defi's projects?

[cryptonauta 25]

The Fomo of the DEFI is what has generated in the last time the fever and rise of the ETH caused mainly by its high value and novelty in the crypto market.

[gulivenrev 1]

On 10/7/2020 at 3:28, Whited35 said:

El informe se publicó originalmente en Decrypt, lo que sugiere que 10 Tokens DeFi de Ethereum asociados con diferentes aplicaciones DeFi tienen ganancias masivas (hasta 804%) para superar al mercado de cifrado más amplio en los últimos tres meses. Crecieron más que Bitcoin, lo que en sí mismo es increíble de ver. El informe ha creado un terremoto en la comunidad de cripto durante estos últimos tres días. Los tokens asociados con protocolos de préstamos y liquidez como  el token LEND de Aave ( token nativo del protocolo de préstamos de Aave que tiene un crecimiento del 804%) y  Bancor (BNT) (Bancor es un protocolo basado en Ethereum que permite la liquidez combinada) son los de mejor desempeño. 
Eche un vistazo a los siguientes datos donde puede ver claramente que 10 tokens DeFi han estado ganando un crecimiento entre el 41% y el 804% desde el 8 de abril.

Imagen: -Messari

Entonces, chicos, ¿qué piensan por qué las plataformas DeFi y los tokens DeFi están captando más la atención de los inversores en el mundo de las criptomonedas? Claramente, hay una ganancia masiva para algunos tokens, ¿es sostenible? 

 

Referencias: -

• https://defipulse.com/
• https://decrypt.co/34942/ethereums-defi-tokens-are-rapidly-outpacing-bitcoin

DEFI or Decentralized Finance, ETH, derivatives, traiding. It is an innovative way to encourage the growth of this entire ecosystem. Users are encouraged to add value to the network and strengthen it. In this Financial Protocol, the most important thing is liquidity (capital) through pools of liquidity that are contributed, obtaining rewards (token). It is recreating a whole new financial system. The push has been accelerated, the exponential growth, but it certainly represents a great opportunity to ensure, it strengthens the entire ecosystem. Be aware of any Defi project, it is necessary, surely we will find many surprising things, it is worth to venture into this push, I do believe that for the good of the market.

[Whited35 15285]

11 hours ago, Datincc said:

Right now most Defi projects are down by half, when bitcoin picks up they might go up. Do you think there is still a lot of load left for Defi's projects?

I did not get it correctly, what load are you referring to here ? If DeFi projects want to come in this existence with the good security layers and dependable services, first they have to focus more for creating the solid system architecture. 

[Wesamqasem 10]

I think that in terms of technology, Ethereum is much better than Bitcoin because it has a wide and strong currency for Ethereum

[Whited35 15285]

3 hours ago, AlexandrNikitin said:

There is risk involved as price of the altcoins people invest can go down a lot, making profits from yield farming dissappear. Besides this, there have been many bugs and exploits that drained pools. Some of these funds were covered by the projects but we don't know if this will be the case if they get hacked for a large sum. 

@AlexandrNikitin Nicely said. But let the DeFi space to be more matured as it is still at the highly experimental phase. So many great innovations are on the way to give the best user experiences. DeFi platforms have to improve system's architecture and security layers. 

[NADJICSC 52]

I for one have no clue about DeFi tokens and stage however on the off chance that it is developing that quickly so it merits doing interest in it as the vast majority of individuals don't think about it.

[CryptoMiner228 79]

Hello, if u dont know DeFi is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. We have 217 DeFi projects listed and 206 of them built on Ethereum.

[Tishevetra 71]

I believe that the future is for Defi, such a breakthrough was not very long ago. The main thing is that Defi did not repeat the fate of XRP, when everyone believed in them, but in fact everything failed...

[Kkenny 24]

I believe it's only just for a while before it comes down. Same thing happened to ico and now defi is taking same turn. . The reason for this is because of the scammers there.  

[Ernesto9191 37]

This world of Defi is causing a revolution now. the truth is that they have many projects that are very interesting. and the main thing is how decentralized it is that in the end is the goal of cryptos

[roman20025 42]

On 20.09.2020 at 18:21, Red-Jones said:

 

What do you mean by your post that I didn't understand anything at all? 

 

 

unfortunately in this cryptocurrency market any innovation will always be taken advantage of by scammers. 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 have many shitcoins

 agree with you, because I myself ran into a scam Windhan ICO that simply took my money, although not so much

now I realized that not every project with nice site are legit

 

[mohammedshrief1554 41]

Defi is by all accounts economical as they have liquidation alternatives. There is hazard required as cost of the altcoins individuals contribute can go down a great deal, making benefits from yield cultivating dissappear. Other than this, there have been numerous bugs and adventures that depleted pools. A portion of these assets were secured by the ventures however we don't have the foggiest idea whether this will be the situation in the event that they get hacked for a huge total. 

 

In any case you need to hazard assets for quite a while. Also, I don't see an approach to win with Bitcoin. You need to purchase different resources.

[Raqeebzy 6456]

1 hour ago, aixa188 said:

I still do not understand how a recently released currency could surpass the pioneer in cryptocurrencies in value, someone with more knowledge could explain it to me

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.

[luxorif 96]

I believe that individuals get more cash-flow through DeFi and that is the reason they are putting more into it. I additionally imagine that this night be the explanation there are high exchange charges in the ethereum Network for moment exchanges. These DeFi tokens may have more development than Bitcoin however I don't figure their worth will surpass Bitcoin

[ricardo985 11]

I agree with the fact that Ethereum is growing rapidly and has a bright future

[karpincom 93]

Thats true and in my opinion Bitcoin is going to go down with DeFi tokens to help. DeFi tokens are more innovative and they offer customers what they really need, growing faster and faster to its peak point

[Nicolae01 73]

Ethereum will not replace bitcoin because it's network fees are way too high, compared to bitcoin. Bitcoin don't have apps on it's network so the fees will always be reported to bitcoin's price. If there are 1 million apps on ethereum networks, fees can reach 100$ for one single trade !! That's way too much, and it's the reason of why Ethereum will fall sooner or later if they don't change it.

[araujormc 12]

i think is a way to increase the value of the criptos fees!!

[DDermf 14]

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

[corrtutby 21]

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.

[K3lvinch 55]

People are using defi platforms because they are generating money in an absurd way and I think it's excellent since it drives the market but I don't think it can compete with bitcoin, it's still too new for that to happen, maybe in a while it will happen