Sunday, December 4, 2022

JunoSwap, Solidly and VVS Finance give DeFi a much-needed refresh By Cointelegraph


Decentralized finance (DeFi) was the talk of the town in early 2021, but it has since taken a back seat to more appealing sectors like nonfungible tokens (NFTs), memecoins and blockchain gaming.

Now that cross-chain bridges and interoperability have allowed for the easier migration of assets to competing chains, a new class of DeFi protocols is arising to challenge those left from 2021.

Total value locked on VVS Finance. Source: DefiLlama
Total liquidity and 24-hour trading volume on Solidly. Source: Solidly
JUNO/USD 1-day chart. Source: CoinGecko