Cryptocurrency News

DeFi market fell off cliff in Q2 but users haven’t given up hope: Report

07/15/2022

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2022.07.15 20:39

DeFi market fell off cliff in Q2 but users haven’t given up hope: Report

Despite the decentralized finance (DeFi) market suffering a 74.6% market cap decline in Q2, user activity has remained relatively resilient, says CoinGecko.

In a report published by the crypto data aggregator on Wednesday, CoinGecko reported that the overall DeFi market cap fell from $142 million to $36 million over the second quarter, due mainly to the collapse of Terra and its stablecoin TerraUSD Classic (USTC) in May.

NFT trading volume down

07/15/2022

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