Crypto & Defi Adoption And The Market Uncertainty

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It’s two years now since we have been experiencing a low turnover as regards the cryptocurrency market as reported that the market is down by 63% in total market capitalization from it’s all time high in the year 2021. Over these years the cryptocurrency industry has gone through several factors which is placed to hinder it’s adoption, such attacks are from regulators and the political class.

So how has the cryptocurrency sector and Defi fared in this past times, an analyst in a tweet on X says he is still optimistic on the the growth of cryptocurrencies adoption as he makes reference to charts and graphs on how the Ethereum ecosystem has soared in numbers of web3 wallets interacting on the chain. Not only Ethereum but also Layer 2 has also witnessed this surge.

Not only the Ethereum chain but also stable coin market has seen a decline which has signaled an outflow from the industry over the past year, with the surge in transactions the Ethereum blockchain has also witnessed in revenue growth.

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Let’s also connect on some of the web2 platform.
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Posted Using LeoFinance Alpha