DeFi apps see money leaving sector amid cryptocurrency downturn as market loses some of its lustre

Source: Tech – South China Morning PostRed flags are starting to appear in what’s often been the most lucrative and volatile sector of the crypto universe this year.While the broad 60 per cent or so declines in decentralised finance, or DeFi, tokens are generally in line with the recent plunge in digital stalwarts such as bitcoin and Ether, a closer look suggests something else is at work. Many of the tokens, which power applications that allow users to lend, borrow and trade crypto without intermediaries, are underpinned by…Read More

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