DeFi Agreement TVL Increases as Bitcoin Price Rises

02/14/2023 18:35 • Metaverse Matters • 81 views

According to a report released by Cointelgraph, as the price of Bitcoin began to rise at the beginning of 2023, some counterfeit coins experienced more than 100% monthly growth, and the total lock-in value (TVL) of the DeFi agreement increased by US $10 billion year-to-date. Analysts said that this was caused by the extreme dominance of negative sentiment and the oversaturation of short positions at the end of 2022. However, the agreement based on Solana Friktion still announced that it would stop deposits due to “the difficult market of DeFi in the next few months”, which indicates that there may be further withdrawal in the near future.

Report: The total lock-up value of DeFi agreement has increased by US $10 billion since the beginning of the year

Analysis based on this information:

The report by Cointelgraph highlights some interesting trends in the cryptocurrency market. According to the report, as the price of Bitcoin began to rise at the beginning of 2023, some counterfeit coins experienced more than 100% monthly growth. This indicates that investors were looking for alternative options to invest their money in. At the same time, the total lock-in value (TVL) of the DeFi agreement increased by US $10 billion year-to-date. This shows that despite the market volatility, there is still significant interest in DeFi among investors.

The report suggests that the increase in counterfeit coins and TVL of DeFi agreement is largely due to the extreme dominance of negative sentiment and the oversaturation of short positions at the end of 2022. This created a buying opportunity for investors to capitalize on the market sentiment. The increase in TVL of DeFi agreement can also be attributed to investors looking for alternative investment options that offer higher returns.

However, the announcement by the agreement based on Solana Friktion to stop deposits due to “the difficult market of DeFi in the next few months” suggests that there may be further withdrawal in the near future. This indicates that the increasing interest in DeFi may not be sustainable in the long run, and investors should be cautious when investing in these agreements.

In conclusion, the increase in counterfeit coins and TVL of DeFi agreement shows that investors are constantly searching for profitable investment opportunities in the volatile cryptocurrency market. However, investors must be aware of market sentiment and the sustainability of these investment options before investing their money.

Keywords:

1. Bitcoin
2. DeFi Agreement
3. Market Sentiment

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/02/14/defi-agreement-tvl-increases-as-bitcoin-price-rises/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

DeFi Agreement TVL Increases as Bitcoin Price Rises

Report: The total lock-up value of DeFi agreement has increased by US $10 billion since the beginning of the year

Recommended articles