Growing Conviction in DeFi Gives Crypto Tokens a Boost

Speculators and investors jump in, while user numbers remain unphased

There’s a growing conviction among crypto traders that decentralized finance, or DeFi, will play a role in the economy of the future. Various cryptocurrencies received a boost of 24% or even 34%, while innovation on these platforms seems ongoing. This vote of confidence happens in a time where inflation hampers economic growth across the world, and centralized exchanges have been struggling with regulatory limitations.