The Wall Street Journal (WSJ) recently published an article declaring that DeFi is a double-edged sword for the cryptocurrency market. By helping the cryptocurrency market thrive, it has also led to a surge in volatility.
“Dogecoin and NFTs have captured the public’s imagination, but money is also flooding into another hot, and risky, corner of the cryptocurrency market: DeFi,” writes the WSJ.
Decentralized Finance or DeFi is a generic term for financial services offered on public blockchains. Similar to traditional banks, DeFi…
This article was first published on coinquora.com
Continue reading on CoinQuora
Source: Cryptocurrency - investing.com
