Cryptocurrency News

Multi-chain, stocks and stablecoin-focused DeFi protocols are showing signs of strength

2022.04.13 23:01

Multi-chain, stocks and stablecoin-focused DeFi protocols are showing signs of strength
Multi-chain, stocks and stablecoin-focused DeFi protocols are showing signs of strength

The cryptocurrency market has far faced an uphill battle for the larger part of 2022 due to global economic headwinds on multiple fronts, along with supply chain constraints, blistering inflation and the ongoing war in Ukraine.

Despite the weakness seen in a majority of crypto assets, several decentralized finance (DeFi) protocols have managed to strengthen their fundamentals and entice new users to enter their ecosystems.

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