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TL;DR
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DeFi is back — out of the top 10 revenue-generating crypto protocols, 6 of them are in the DeFi niche!
Full Story
Some short, sweet n’ to-the-point news for you today:
DeFi is looking capital G-O-O-D, Good.
Why, you say? And where is this coming from?
Well, after the last cycle, DeFi came crashing down hard (think: Terra Luna circa May 2022.).
Terra promised high yields, basically running strictly off of inflation. They quickly crashed, bringing trust down with them and proving these old methods weren’t sustainable.
Which brings us up to speed for todays news:
Analysts are pumped to see DeFi back in action and bringing in returns that are real. Out of the top 10 revenue-generating crypto protocols, 6 of them are in the DeFi niche.
And a rising tide floats all ships.
Take Uniswap’s recent fee update, for instance.
Since the update, the $UNI token not only allows holders to vote on changes to the platform, but gives them a cut of the transaction fees collected by the Uniswap exchange.
The more DeFi platforms (like Uniswap) that find success with these profit sharing models → the more competing platforms will likely follow → the more user owned/operated financial platforms will exist in the world.
We love to see it!
