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The decentralized finance (DeFi) sector has been sitting in the backseat since whipping up a frenzy in the summer of 202...
14/03/2022

The decentralized finance (DeFi) sector has been sitting in the backseat since whipping up a frenzy in the summer of 2020 through the first quarter of 2021. Currently, investors are debating whether the crypto sector is in a bull or bear market, meaning, it’s a good time to check in on the state of DeFi and identify which protocols might be setting new trends.

Here’s a look at the top-ranking DeFi protocols and a review of the strategies used by users of these protocols.

Top 5 protocols by total value locked. Source: Defi Llama
AAVE/USDT vs. COMP/USDT 1-day chart. Source: TradingView
Aave vs. Compound stablecoin yields. Source: DeFi Prime
Total value locked on Lido. Source: DeFi Llama.

Nonfungible tokens, or NFTs, and digital assets are one of the ten major trends within the sports industry, according to...
14/03/2022

Nonfungible tokens, or NFTs, and digital assets are one of the ten major trends within the sports industry, according to the consultancy Price Waterhouse Coopers', or PwC, Sports Outlook 2022 report for North America. From altering sports technology infrastructure to driving fan engagement, the report lists three main use cases for NFTs and their likelihood to shape the future of sports.

The first use case is collectible NFTs — assets used to sell collectible, authenticated and limited edition digital content. This refers to traditional memorabilia like trading cards of players or tickets stubs of historic matches that can be digitized, minted and traded on the blockchain. The report added that these collectibles could eventually be displayable and shared across metaverses

Nonfungible token (NFT) projects have been hard hit by the price decline across the cryptocurrency ecosystem and the cur...
14/03/2022

Nonfungible token (NFT) projects have been hard hit by the price decline across the cryptocurrency ecosystem and the current bearish conditions have spared few tokens from a price collapse.

One project that is attempting to get back on solid footing is Immutable X (IMX), an NFT-focused layer-2 scaling solution for the Ethereum network designed to offer near-instant transactions and zero gas fees for minting and trading.

IMX/USDT 4-hour chart. Source: TradingView
OpenSea monthly volume on Ethereum. Source: Dune Analytics
VORTECS™ Score (green) vs. IMX price. Source: Cointelegraph Markets Pro

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