Decentralized Finance (DeFi) offers one of the most widely applicable use cases for distributed ledger technology and today is one of the main avenues for the wider adoption of Blockchain technology.
Last week, as the overall cryptocurrency market corrected and () fell 22%, DeFiChain (DFI) deviated from the trend and rose 76% to set a new high of $ 5.70 on December 6, at the time its 24-hour trading volume increased from an average of USD 3.6 million to 24.3 million.
DFI / USDT 4-hour chart. Source: TradingView The three reasons for DFI’s price break are the launch of decentralized assets on the DFI mainnet, an increase in transactions and users on the network, and an increase in the total value locked in the protocol.
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Reference-es.investing.com
