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The Wall Street Journal: DeFi is Helping Fueling the Crypto Market Boom—and Its Recent Volatility

Published 06/06/2021, 09:29 AM
Updated 06/06/2021, 09:30 AM
The Wall Street Journal: DeFi is Helping Fueling the Crypto Market Boom—and Its Recent Volatility

  • According to the WSJ, apart from Dogecoin and NFTs, money is also flooding to DeFi
  • DeFi is helping the cryptocurrency market to thrive
  • It has also led to a surge in volatility

The Wall Street Journal (WSJ) recently published an article declaring that DeFi is a double-edged sword for the cryptocurrency market. By helping the cryptocurrency market thrive, it has also led to a surge in volatility.

“Dogecoin and NFTs have captured the public’s imagination, but money is also flooding into another hot, and risky, corner of the cryptocurrency market: DeFi,” writes the WSJ.

Decentralized Finance or DeFi is a generic term for financial services offered on public blockchains. Similar to traditional banks, DeFi...

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