DeFi Protocols Stage Strong Resurgence amid Macro Developments
As per Apollo Crypto, the DeFi infrastructure has witnessed a significant boost over the past few years with the goal of establishing “an abundance of cheap block space”.
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0.54%$0.0353
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7.25%$0.4441
As per Apollo Crypto, the DeFi infrastructure has witnessed a significant boost over the past few years with the goal of establishing “an abundance of cheap block space”.
While Solana’s forecast looks shaky and Uniswap news points to regulatory challenges, BlockDAG is thriving.
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DeFi protocols saw their fees drop to $288 million in August, marking a significant decline from July’s $381.45 million and a steep fall from March’s peak of $494.14 million.
Another key reason for the surge in transactions is the overall increase in DeFi adoption.
Since its inception, the Uniswap Protocol (”Uniswap”) has served as trustless and highly decentralized financial infrastructure. Having proven product-market fit for highly decentralized financial infrastructure with a platform that has thrived independently, Uniswap is now particularly well-positioned for community-led growth, development, and self-sustainability. The introduction of UNI (ERC-20) serves this purpose, enabling shared community ownership and a vibrant, diverse, and dedicated governance system, which will actively guide the protocol towards the future.
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