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NFTs Outperform DeFi - CRYPTO FRIDAY
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NFTs Outperform DeFi - CRYPTO FRIDAY

Fabian Klauder
Mar 19, 2021
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NFTs Outperform DeFi - CRYPTO FRIDAY
newsletter.defitimes.io

Hey DEFI TIMES community,

NFTs are in the spotlight, while DeFi keeps lagging! Don’t believe me?

Just look at the numbers: Popular DeFi tokens have been struggling to keep up with the price action in the NFT space. Since February, NFT-related tokens have significantly outperformed DeFi related tokens.

A good example is the price performance of AAVE vs. Rarible. Rarible is a popular NFT minting platform, which has been killing it in February - both in terms of price and usage.

Source: Messari (https://messari.io/)

So why is DeFi not getting the attention it deserves? Well, the answer is simple: NFTs are way more suitable for the masses.

While DeFi’s narrative is hard to wrap your head around, everybody understands the value of collectibles - unique objects like rare stamps, game items, Pokemon cards, etc. 

This is not the case with DeFi. Most of us live in developed countries where the need for decentralized financial services simply doesn’t exist. We all have bank accounts, and therefore access to the financial system. 

The value of DeFi doesn’t come naturally to us!

Don’t get me wrong: This fact makes me even more bullish on DeFi! NFTs are close to reaching a potential bubble point, while DeFi...is not!

NFTs are grabbing all attention in the crypto space; however, it’s probably a bad idea to forget about DeFi just yet.

We are still early!


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1inch V3

Twitter avatar for @1inchExchange1inch.exchange @1inchExchange
1/ 🦄 Сutting through space and time, breaking through distorted blocks of information, #1inch mascot has finally managed to solve the mystery of low transaction fees. 🎆 Meet the Aggregation Protocol v3 and use 1inch as a single point for all your #DeFi needs 🎆
Image

March 16th 2021

411 Retweets1,519 Likes

1inch has released their V3 version, which will ultimately lower transaction fees to an absolute minimum!

Aztech zk-Rollups

Twitter avatar for @aztecnetworkAztec @aztecnetwork
So, it seems you noticed🔍... Yes, Private Layer 2 ZK-Rollup has arrived on Ethereum🚀|
medium.com/aztec-protocol…Launching Aztec 2.0 RollupAztec shelters your blockchain transactions from the world’s gaze — giving you bank-grade privacy on open, permissionless financial networks. And we want to give you more and more functionality, so…medium.com

March 15th 2021

184 Retweets693 Likes

Aztech has released its privacy-focused zk-rollups on mainnet!

Argent

Twitter avatar for @argentHQArgent @argentHQ
Excited to share our plans for Argent's next phase: 🔐🦾 First, double down on security for Layer 1. 🚀⚡️ Then, launch our Layer 2 wallet this summer. @itamarl has more:
argent.xyz/blog/layer-2-p…On a roll: Making Ethereum accessible to allSolving gas with Layer 2; doubling down on security for Layer 1argent.xyz

March 11th 2021

73 Retweets373 Likes

Argent announced that they will support zksync (a type of zkrollups) in summer! Rollups are coming!

AAVE AMM market

Twitter avatar for @AaveAaveAave @AaveAave
Today, users can begin depositing and borrowing crypto assets from the Aave AMM Liquidity Pool, enabling @Uniswap and @BalancerLabs liquidity providers to use their LP tokens as collateral in Aave Protocol 👀
medium.com/aave/aave-amm-…Aave AMM Market ReleasedThe Aave Protocol is a decentralised liquidity protocol, which allows users to unlock liquidity across various assets in a multi-pool approach. The new AMM Liquidity Pool enables liquidity providers…medium.com

March 16th 2021

350 Retweets1,398 Likes

Aave has released its AMM market meaning that you can now use LP tokens as collateral, including major Uniswap trading pairs and several Balancer trading pairs.


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All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.

Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.


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