Ethereum

The world’s leading on-chain and financial metrics, charts, and data provider Glassnode’s latest research article, entitled “Dealing with the DeFi Downtrend”, analyzed the decentralized finance (DeFi) sector’s consistent token underperformance drivers. The research highlighted that while the Ethereum application layer’s flexibility paved the way for innovation, making the DeFi sector its prominent use case, DeFi investments remained complex, with poor token price performance in recent years.Glassnode took to Twitter to inform its followers about its DeFi token performance drivers research by tweeting:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6693db0d89db4e3da5edf169b12c0cfd.png" />The financial data provider went on to analyze the four major narratives that shaped the Ethereum ecosystem, viz. Initial Coin Offerings (ICO), DeFi, Non-Fungible Tokens (NFTs), and Stablecoins. The analysis shown in the graph below revealed a pattern having a boom-bust cycle, taking the new application from 30% to 40% of all gas consumption. It is then followed by an 8% baseline structural consumption decline for the application types.Read full article at <a href="https://cryptotale.org/defi-downtrend-and-complex-investments-explores-on-chain-analyst/" rel="noopener noreferrer nofollow">CryptoTale.</a>

DeFi Downtrend and Complex Investments: Explores On-Chain Analyst

CryptoTale

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