The DeFi sector has seen growth throughout the past several months that has mirrored that seen by the aggregated crypto market in 2017.
On the other end of this, the ecosystem is also seeing an influx of users who are utilizing DeFi to take out collateralized loans using crypto.
Although some are calling the meteoric rise seen by this sector a "Bubble," DeFi assets remain an incredibly small part of the aggregated market.
One prominent crypto investor is noting that a potentially imminent exodus of investors out of so-called "Ghost chains" could help fuel a further rise in the price of top DeFi assets.
DeFi sector remains a small sliver of the aggregated crypto market.
The decentralized finance sector still makes up for a small portion of the entire crypto market, despite its recent growth.
This number is likely to shift in the days and weeks ahead, as DeFi tokens are showing no signs of slowing their ascent.
Investor exodus away from "Ghost chains" could help fuel the rise of DeFi.
Spartan Black - a pseudonymous fund manager and former partner at Goldman Sachs - explained that a redirection of 10 percent of these three tokens' market caps would fuel a 78 percent rise in the value of the top five DeFi crypto assets.
"If 10% of the value of these 3 ghost chains is reallocated to the top 5 DeFi projects, the collective value of the 5 DeFi assets will go up 78%. If I add ADA and XLM into the mix of ghost chains, the latter group's value will more than double. Think about that."
These three crypto "ghost chains" could help fuel a 78%+ rise in DeFi tokens
Published on Jul 7, 2020
by Cryptoslate | Published on Coinage
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