QDAO DeFi continues to get stronger and stronger every day. Our deposit products attract hundreds of new clients each week, while our awesome new products are edging closer to release. Take a look at our main developments of the last week and the most interesting events in the DeFi market.
Cryptocurrencies and DeFi coins market analysis
The crypto market is returning to the growth phase after a short-term pull-back. Bitcoin is climbing up to $12,000 and all the altcoins are following it. The bears seem to have lost the chance to push the price of the main cryptocurrency lower.
The DeFi market shows steady growth, as if there was no pull-back at all. The total value of the locked asset exceeded $9 billion, adding $2 billion in just one week. For the most part, DeFi coins show growth. Here are the week’s results of some popular coins:
- Chainlink: +8.71%
- Compound: +48.61%
- Aave: +5.17%
- Maker: +9.64%
As we predicted, the growth of BTC pushed DeFi assets higher. We can expect the trend to continue.
DeFi news
DeFi continues to blow the minds of crypto investors. The market is flying to the Moon and the news feeds went crazy. Here is the most interesting news:
- Uniswap beat Coinbase Pro. The explosive growth of the Decentralized Finance (DeFi) market has pushed many avid investors to DEXes over centralized exchanges. Uniswap processed a volume of $426 million in 24-hours, outpacing Coinbase with their $349 million.
- Yearn.finance continues its conquest. Last week the price of YFI was at the $13,600 level but now it’s tripled! The capitalization of the coin overcame $1 billion.
- Binance wants to ride with DeFi. Binance is listing another DeFi token — WBTC. Wrapped Bitcoin (WBTC), a new ERC-20 token pegged to the price of Bitcoin (BTC) — may be another boom in the market!
QDAO DeFi updates
We strictly adhere to the roadmap and never stop the development of QDAO DeFi. The market is favoring DeFi projects and we are ready to take our cut of the success.
QDAO and USDT coins are now available for trading in Uniswap. It’s a big step for QDAO DeFi as it will attract dozens of hundreds of new clients.
QDAO and USDQ pools:
https://uniswap.info/pair/0xc29fa8726a73b6178fd1fbca2c9b87f2af8d5f60
https://uniswap.info/pair/0xcd802eec2fa431c805e08527c92cacc8f3fb3b3f
https://uniswap.info/pair/0xb3425ccb1a5ab5882d79254d87712592be1a19d7
The latest stats from QDAO DeFi PULSE:
Number of active users — 7682
Total amount of users’ funds:
2717177.80582 XRP
889.272703642 ETH
202.5727295 BTC
13341866.318 ADA
…and more.
Current users’ interest balance:
68422.702 XRP
15.0970732 ETH
2.806992631 BTC
111216.9681 ADA
…and more.
Number of withdrawals made: 5442
Want to be the first to hear QDAO DeFi news and updates?
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(for the Japanese-speaking community).
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