Still, interest rates are not the only driver behind a comeback in DeFi. There are also crypto-native factors at work. The growth in stablecoin supply, which has expanded by about $40 billion since January, is crucial because “stablecoins are the backbone of DeFi protocols,” Steno said.
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Will Canny
https://www.coindesk.com/markets/2024/08/23/defi-summer-is-making-a-comeback-steno-research-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
2024-08-23 09:06:10
