latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Binance Research Says Resurgence of Capital Arriving Back to Crypto Markets – Specifically One Sector

Binance Research Says Resurgence of Capital Arriving Back to Crypto Markets – Specifically One Sector
The level of capital flowing into the crypto space has grown by double digits since the start of the year, according to the research arm of Binance digital assets exchange.
In a new report, Binance Research says that the “resurgence of markets is here” with decentralized finance (DeFi) being one of the major beneficiaries.

“Notably, the broad market rally has been accompanied by a substantial influx of capital into DeFi, pushing the total value locked to US$94.9 billion this year, up from US$54.2 billion at the start of the year, reflecting a strong 75.1% year-to-date rebound.”
The research arm of Binance, however, says that the market valuation of DeFi has yet to experience a rise that is commensurate with the increase in on-chain liquidity.
According to Binance Research, almost all DeFi sub-sectors have witnessed a notable growth in inflows.
“Gone are the days when only sub-sectors like Decentralized Exchanges (“DEXes”) were the primary drivers of DeFi markets. This diversification is fundamentally crucial if DeFi is to meet its ambitious revenue forecasts, such as the projection of US$231.2 billion by 2030. Achieving this requires the development of a diverse array of markets capable of unlocking new financial primitives, enabling users to maximize the value they derive from DeFi.”
The liquid restaking DeFi sub-sector recorded the largest percentage growth in total value locked followed by the yield market. Only the Collateralized Debt Position (CDP) DeFi sub-sector saw a slight decrease in the total value locked.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Binance Research Says Resurgence of Capital Arriving Back to Crypto Markets – Specifically One Sector appeared first on The Daily Hodl . shares this Contents always with License.

Thank you for Share!



Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News