Demand for transactions is virtually zero and DeFi “revenue” is dropping like a stone as well. Not the greatest sign when DeFi activity dies off on a market slow down. Still long ways to go
Once upon a time DeFi used to be the highest beta sector in that it would pump the most but also suffer the heaviest drawdowns on marketwide pullbacks. Lately it's only done the latter. I don't think the 'productive assets' rebrand is working.
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What about polygon activity?
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DeFi scam 2021 like ICO was scam of 2017 lol?
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Lately = 1 month
We're good.Thanks. Twitter will use this to make your timeline better. UndoUndo
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The productive assets rebrand was one of the world's most obvious top signals. Its unironically trying to justify why BCC>BTC
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the real issue with bitcoin people is they live in 5 second intervals. Zoom out, bitcoin dominance has been bleeding since alt coins came out....it was 90, then 80, then 70, then 60, then 50, now its in the 40s. Ultimately it gets flip and is about 10% of the crypto market.
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good thing it isnt a giant house of cards
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Defi is the biggest scam there ever was in crypto.
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its because you think a chart tells everything....if I have gotten 300% APY on something and the price cuts in half, did I lose money?
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Currently getting 500% on stables on polygon. 100% on stables on BSC. Platform risk for sure, but otherwise, seems to be working.
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