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Analysts predict hot summer for defiance based on new data


The price jump of the Decentralized Finance Index tokens and the increase in the total value locked in these platforms have made analysts more optimistic about a long-term uptrend in this sector.

to the Report Coin Telegraph, the field of defense was one of the main factors in the boom and boom of the digital currency market in 2021. Uniswap, Sushi Swap and Avi can be considered the most prominent names in this field, which have played a major role in market growth since the beginning of this year.

As Bitcoin prices fell from a high of $ 65,800 and were corrected, Defy tokens, like Altcoins, fell. The data show that futures reached $ 5340 below the Difai area ten days ago. Since then, the index has risen 45 percent to $ 7,682. Analysts are now waiting for confirmation of the change in the market.

Analysts predict hot summer for defiance based on new data

Redirect the total locked value

In the field of defense, the total value locked in all its parts is used as an indicator to determine the weakness or strength of the platforms.

Total value locked defa
Total value locked defa

The index is currently 30 percent away from its peak of $ 154.91 billion, yet it has risen from $ 3 billion to $ 111.04 billion from July last year to July this year.

Locked Value in Flexa (AMP) and Lido (LDO) had the highest growth among 20 Defy platforms with 68% and 38% growth, respectively.

Increase activities

Looking at the increase in the value locked in Difai, we can get more evidence of the return of Difai market.

Analysts predict hot summer for defiance based on new data

Of the 20 Diffie protocols, Luna and AMP have seen the most growth in the last seven days. These tokens grew by 84% and 64%, respectively.

Despite the fact that the volume of daily transactions in decentralized exchanges has remained largely stable over the past month and is below $ 2 billion, the prices of ion swaps and sushi swaps have grown by 17.8% and ٪ 21.5%, respectively, from last week to yesterday. Is. User activity on these platforms has also increased.

Analysts predict hot summer for defiance based on new data

The increase in the number of new users interacting with Diffie platforms is another sign of the growth of this field. As of yesterday, 20.91 million unique addresses have interacted with these protocols, which is a record.

Analysts predict hot summer for defiance based on new data

All of these factors have led experts and analysts to promise a hot summer in the market.

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