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26 July 2021

Data Shows Decentralized Finance Took a Hit in Q2 but Is Still Booming – Bitcoin News

Data Shows Decentralized Finance Took a Hit in Q2 but Is Still Booming – Bitcoin News


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Data Shows Decentralized Finance Took a Hit in Q2 but Is Still Booming – Bitcoin News.

While decentralized finance took a hit in Q2, stats still show there is an important movement in these protocols.

The decentralized finance paradigm stormed the market this year, and while it certainly took a hit, it is still healthy.

This is the case of Compound, a leading decentralized exchange that launched Treasury, a fixed rewards product for businesses last month.

While Tether still holds most of the stablecoin dominance, USDC has become popular on decentralized finance protocols in the last quarter?

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