AnalysisTuoniaox Archive
What Financing Landscape Did DeFi Present in Q3?
In Q3, the digital currency market scale expanded from approximately $26.01 billion to approximately $34.22 billion, with market trends basically continuing the upward trend from Q2. Among them, DeFi concept tokens represented by UNI, YFI, and LEND became the largest driving force for market gains. Under the incentive of Yield Farming, DeFi concept tokens averaged gains exceeding 240%, with YFI becoming the first 10,000x token of 2020 within 43 days.