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19 February 2020

Traders Turn to DeFi to Capitalize on Tuesday's Crypto Market Spike - CoinDesk

Traders Turn to DeFi to Capitalize on Tuesday's Crypto Market Spike - CoinDesk


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Traders Turn to DeFi to Capitalize on Tuesday's Crypto Market Spike.

Since ETH gets "locked in" to DeFi apps, the total market value will go up any time the value in ETH increases, but that's only part of the picture.

DeFi Pulse showed the DeFi market as having roughly $706 million in ETH locked into its applications on Monday.

Leshner said that it's very likely that money is moving into DeFi because traders are looking for liquidity in order to play the market.

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