Markets
Binance Research claims that a resurgence of capital is returning to crypto markets – specifically a sector
The level of capital flowing into the crypto space has grown by double digits since the start of the year, according to the research arm of digital asset exchange Binance.
In a new report, Binance Research it says that the “resurgence of markets is here” with decentralized finance (DeFi) being one of the main beneficiaries.
“Notably, the broad market rally has been accompanied by a substantial inflow of capital into DeFi, pushing the total value locked to $94.9 billion this year, up from $54.2 billion at the start of the year, reflecting a strong annual growth of 75.1%. recovery to date.”
Binance’s research arm, however, claims that DeFi’s market valuation has not yet experienced an increase that is commensurate with the increase in liquidity on the network.
According to Binance Research, almost all DeFi subsectors have witnessed notable growth in flows.
“Gone are the days when only subsectors like decentralized exchanges (“DEXes”) were the main drivers of DeFi markets. This diversification is fundamentally crucial for DeFi to meet its ambitious revenue forecasts, such as the $231.2 billion projection by 2030. Achieving this requires the development of a diverse range of markets capable of unlocking new financial primitives, allowing users to maximize value. they derive from DeFi.”
The net split DeFi subsector recorded the highest percentage growth in total value locked, followed by the yield market. Only the Collateralized Debt Position (CDP) DeFi subsector saw a slight decrease in total value locked.
Don’t miss a beat – Subscribe to receive email alerts directly to your inbox
To check Price Action
Follow us on X, Facebook It is Telegram
To surf Hodl’s daily mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: middle of the journey