- According to the WSJ, in addition to Dogecoin and NFT, money is also coming to DeFi
- DeFi is helping the crypto market to prosper
- It has also led to increased volatility.
The Wall Street Journal (WSJ) recently published an article stating that DeFi is a double-edged sword for the cryptocurrency market. By helping the cryptocurrency market thrive, it has also led to increased volatility.
“Dogecoin and NFT have captured the public’s imagination, but the money is also reaching another hot and risky corner of the cryptocurrency market: DeFi,” the WSJ writes.
Decentralized Finance or DeFi is a generic term for financial services offered on public blockchains. Similar to traditional banks, DeFi …
This article was first published on coinquora.com
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