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World News – US – Crypto network fees on the rise after DeFi sees signs of another equivalent measure

. . DeFi appeared again. After two months of downward price movement, the DeFi tokens are starting to recover. The market value of DeFi's governance tokens hit their lowest in November. 4 managed in just under 5 billion dollars

CAMEROON MAGAZINE - GM18/11/20202 Mins read65 Views

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After two months of downward price movement, the DeFi tokens are turning back. The market value of DeFi’s governance tokens hit their lowest in November. 4 At just under $ 5 billion it has now managed to double $ 10. 2 million, in total market value in less than two weeks.

The total face value deposited via DeFi reached an all-time high of around $ 14 billion last week.

Growth stagnated in October and early November, but DeFi activity could be seen again in the past two weeks helping it to rise to new highs..

This is because DeFi tokens are on the rise again after experiencing significant declines in market capitalization. Over the past week, SUSHI has gained over 100%, SWRVE 88%, CRV 52%, Hegic 45%.

At the start of the summer, DeFi tokens were so hot that various assets recorded gains of over 300% in a few months. Now, this equivalent measure appears to be returning after a two-month cooling off period.

Strong November recovery so far but unlike summer, the average token return matches BTC $, not outperforming. This is after an average drop of 60% (while the btc value increased from 11. From 6 to 13. 8).

Few of them have two times as much as $ AAVE, $ SUSHI, $ RUNE, $ CRV, and $ HEGIC.. Some separation is in defiance now. Pic. Twitter. com / 6VHTMq9qbQ

The return of the Bulls brings network charges also back to health levels. Ethereum topped the list, generating nearly $ 2 million in daily fees, according to TradeBlock.

On Uniswap, fees came back over $ 1,000,000 a day after dropping to less than $ 500,000 a day last month. Like Uniswap, SushiSwap generates more than $ 100,000 in fees after dropping to lowest levels as liquidity decreases across its platform..

The fourth quarter also saw a new platform, Playmarket, join the list of fee-generating crypto platforms for the first time. Ethereum-based betting platform saw a slight rise in fees after the US presidential election, which brought the presidential betting market into the mainstream..

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