Markets
Binance Research Indicates a Resurgence of Capital Flowing into Crypto Markets – Particularly One Sector
The level of capital flowing into the crypto space has increased by double digits since the start of the year, according to the research arm of digital asset exchange Binance.
In a new report, Binance Research said that the “market resurgence is here,” with decentralized finance (DeFi) being one of the main beneficiaries.
“Notably, the broad market rally was accompanied by a significant influx of capital into DeFi, pushing the total value locked to $94.9 billion this year, up from $54.2 billion at the start of the year , reflecting strong annual growth of 75.1%. rebound to date.
Binance’s research arm, however, claims that DeFi’s market valuation has yet to see an increase commensurate with the increase in on-chain liquidity.
According to Binance Research, almost all DeFi sub-sectors have seen notable growth in inflows.
“Gone are the days when only sub-sectors like decentralized exchanges (“DEXes”) were the main drivers of DeFi markets. This diversification is fundamentally crucial if DeFi is to achieve its ambitious revenue forecasts, such as the projection of $231.2 billion by 2030. To achieve this, it is necessary to develop a wide range of markets capable of unlocking new financial primitives , allowing users to maximize value. they derive from DeFi.
The liquid catering DeFi subsector saw the largest percentage growth in total value locked, followed by the yield market. Only the DeFi Collateralized Debt Position (CDP) subsector saw a slight decrease in total value locked.
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