Crypto Market Cap increased 1.64% and DeFi locked value grown 15.06% - Why?

[mirrasel]

Cryoto and DeFi Market Snapshot | 24-31 August 2020

Snapshot from 'Digital Asset Market'. Weekly 1.64% change for Crypto Market and 15.06% for DeFi ! What are the reasons for this massive growth of DeFi? What do you think?
Dear Forum members, help the newbies to understand!
Thank You~

  Stay with http://bitcurate.com/ to get All-in-one Crypto & DeFi Analytics.
  Write a review on Bitcurate and Win USDT: https://joinus.bitcurate.com/Giveaway




Prepared by

Mir Rasel, Digital Lead, Bitcurate
Follow me on Twitter: https://twitter.com/mirraselbd

[SquirrelJulietGarden]

DeFi hyped the market and their price is extremely overvalued. DeFi projects dominated capital flow and the market recent weeks but it won't last too long.

I don't know my advise is good for you but if you run or promote a service, there are boards for service announcements:
Service Announcements
Service Announcements (Altcoins)

[mirrasel]

DeFi hyped the market and their price is extremely overvalued. DeFi projects dominated capital flow and the market recent weeks but it won't last too long.

I don't know my advise is good for you but if you run or promote a service, there are boards for service announcements:
Service Announcements
Service Announcements (Altcoins)

Why don't you think it wion't last long?

I guess this is a discussion thread.

[SquirrelJulietGarden]

Cryoto and DeFi Market Snapshot | 24-31 August 2020

  Stay with http://bitcurate.com/ to get All-in-one Crypto & DeFi Analytics.

A typo, Cryoto.

I think you promote your service, Bitcurate.com 

[tsaroz]

DeFi hyped the market and their price is extremely overvalued. DeFi projects dominated capital flow and the market recent weeks but it won't last too long.

I don't know my advise is good for you but if you run or promote a service, there are boards for service announcements:
Service Announcements
Service Announcements (Altcoins)

Why don't you think it wion't last long?

I guess this is a discussion thread.

He may mean that the current price trend of Defi tokens won't last as the profit that a Defi makes on transaction are low and for good profit they need to increase the volume which is hard to achieve for every defi out there. Defi on the other hand are here to stay and the more coin they freezes, the demand for the coins they are using would keep increasing while their supply keeps on decreasing. Which would lead to the boost of price of those coins.