[Xangle Research] Defi, dejavu of 2017 ICO market boom?

Jul 22, 2020

 Defi, dejavu of 2017 ICO market boom?

- Bitcoin shrinking on dominance, amid overall market  taking sideways in Q2 after recovery from COVID 19 market crash

- Active on-chain stats in Ethereum (Tx counts:+62% / Tx fee: +688% (QoQ)); partially resembling the spike seen during the bull run in 2017-2018

- ERC-20 tokens taking the lead with Defi tokens standing out

- Defi tokens & Stable Tokens rising while exchange tokens run low

- Total value locked in Defi multiplied over x25 times in two years


* Find out more in detail about each Defi tokens in the full report


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