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Defi Lending Platform dYdX Records Over $1 Billion In Loans In A Year, Bullish Signals For Ethereum?

Defi lending platform, dYdX, records $1 billion in total loans over the past year. Ethereum (ETH) remains the leading asset originating close to half of the amount. The growing Defi space looks to propel ETH price in the coming weeks. Open finance is gaining gradual adoption despite the slow the stagnant performance the cryptocurrency industry

Defi lending platform, dYdX, records $1 billion in total loans over the past year. Ethereum (ETH) remains the leading asset originating close to half of the amount. The growing Defi space looks to propel ETH price in the coming weeks. Open finance is gaining gradual adoption despite the slow the stagnant performance the cryptocurrency industry

DeFi Ethereum (ETH) Liquidation
Altcoin News
DeFi Ethereum (ETH) Liquidation
Altcoin News

DeFi Forced Liquidations to Increase as Ethereum (ETH) Prices Free Fall

Two DeFi apps, dydx and MakerDAO, liquidated $3 million of Ethereum (ETH) to cover for issued loans. But the bloodbath may continue. Not because there is now use and demand for loans and above-rate interest rates, but because of sliding ETH prices. Ether is the choice of most DeFi dapps because most are launched from

Two DeFi apps, dydx and MakerDAO, liquidated $3 million of Ethereum (ETH) to cover for issued loans. But the bloodbath may continue. Not because there is now use and demand for loans and above-rate interest rates, but because of sliding ETH prices. Ether is the choice of most DeFi dapps because most are launched from