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Off the Charts: DeFi Rebound

Off the Charts: DeFi Rebound

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Amid the weak point in bitcoin and different crypto belongings throughout the latter a part of 2021 and early 2022, there’s been an anomalous counter-performance by the decentralized finance (DeFi) sector. The previous few weeks have seen a modest rebound in whole worth locked, a measure of how a lot digital asset worth has been collateralized for loans in the DeFi system. CoinDesk’s Shuai Hao whipped me up this chart, primarily based on information from DeFi Pulse, which exhibits TVL, as expressed in ether, versus the worth of the CoinDesk Indices’ DeFi (DFX) index.

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