Analysts report that trading platforms have once again begun offering users cryptocurrency returns exceeding 70%. Almost 18 months have passed since the collapse of the Terra algorithmic stablecoin project, which provoked a general crisis in the field of cryptocurrencies. By this time, a number of exchanges, ranging from GMX to Binance, began offering double-digit returns to support the activity of their customers after a period of stagnation. The Terra project, once the most ambitious experiment in the field of decentralized finance (DeFi), promised a profit of almost 20% for investors who invest their funds in this protocol. Such huge returns are rare in other areas, with the exception of distressed securities, but in 2020 they played an important role in the development of decentralized finance, which became the main competitors of traditional banks. Decentralized crypto platforms provide various services, including lending cryptocurrencies with favorable interest rates and sometimes commissions. The DeFi market reached $179 billion in November 2021, shortly before the bankruptcy of the FTX exchange and the beginning of a massive outflow of investors from this area. At the moment, this sector is estimated at about $44.1 billion. An example of high profitability is the derivatives exchange DeFi GMX, which allows users to trade bitcoins and other cryptocurrencies using leverage.
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