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19 April 2021

Ethereum Price Tanks, Bringing DeFi Tokens Down With It - Decrypt

Ethereum Price Tanks, Bringing DeFi Tokens Down With It - Decrypt


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Ethereum Price Tanks, Bringing DeFi Tokens Down With It.

And as Ethereum goes, so goes the DeFi market.

Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies with no centralized entity overseeing any transaction.

PancakeSwap is another DeFi protocol that runs on the Binance Smart Chain, a blockchain with support for smart contracts developed by the crypto exchange Binance.

Synthetix, a DeFi protocol that lets users create artificial versions of any assets and gain exposure to their price, makes use of its own “DeFi token” SNX on the platform.

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sentiment (0.1) Positive

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