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