Bernstein: DeFi protocols will usher in explosive recovery as Bitcoin rises
Bernstein analysts Gautam Chhugani and Mahika Sapra pointed out in their report on Monday that with Bitcoin approaching a historic high, DeFi will experience explosive (big bang) recovery. Their reasoning is that this round of market trends will bring more trading volume to various DEXs. With the introduction of token fee-sharing mechanisms represented by Uniswap and other DeFi protocols, DeFi will change from an unsustainable subsidy-based token economy in the previous cycle to a real revenue model.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bollinger Bands Ring Warning Bells for XRP Versus Bitcoin
Shiba Inu Burn Rate Skyrockets 981% as 30,067,245 SHIB Vanishes
Elon Musk’s DOGE sued after Trump’s inauguration
Scores: The Critical Signal for Market Cap Growth