Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
DeFi
Tron’s Lack Of DeFi Apps Vibrancy Maintain’s The Edge For Ethereum
Following its inception, several market analysts believed that TRON (TRX) would be the biggest threat to the Ethereum ecosystem. That call might have been premature, for the Tron ecosystem lacks a key defining feature for Ethereum, a vibrant Decentralized Finance (DeFi) apps scene. DeFi Vibrancy DeFi is positioned as an indispensable feature for Ethereum, with the buzz in the blockchain's ecosystem affirming this. About $600 million was locked up in DeFi by 11th December 2019, already a 200% growth from…
5 years ago