Image by Lee Rosario from Pixabay (modified)7 Quotes on the Highs and Lows of DeFi from Blockchain LeadersDeFi isn\u2019t quite the powerhouse today it was a few weeks ago, but the ship is still sailing and more people are getting on board.All aboard the DeFi AirshipCrypto market data aggregator Dune Analytics showed the total number of unique DeFi user addresses is around 860,000, meaning it has increased by a factor of 10 times over the past year.Users increased by nearly 40% in October, from approximately 555,000 to 775,000.85,000 users joined DeFi in the first 11 days of November, bringing the total growth up55% from the start of October.Some turbulence, but still risingDecentralized autonomous organizations (DAOs) were heavily hit by October\u2019s decentralized finance downtrend, with the total value of assets managed by DAOs crashing by 40% versus 30 days ago, according to data from DeepDAO. The combined assets under management controlled by DAOs were more than $290 million as of early October. By the second week of November, the AUM of DAOs had fallen more than 50% to tag $140 million.As of this writing, DAOs currently manages $172.7 million in assets, with the total having increased by20% alongside the partial recovery posted by many top DeFi tokens over the past week. For the past two days, Bitcoin price has traded within the $14,800\u2013$15,500 range, but the top digital asset has struggled to flip $15,500 to support.Bitcoin has had some temporary setbacks but at 5 a.m. on November 12, BTC broke the $16,000 barrier.While BTC price has vacillated, altcoins and some DeFi tokens have turned bullish. DeFi tokens including Yearn.finance\u2019s YFI, Aave\u2019s AAVE, Balancer\u2019s BAL, and Uniswap\u2019s UNI are all up significantly. YFI gained approximately 160% after dropping to$7,444 on Nov. 5, and in the past two days, AAVE rallied 175% from\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Image by Lee Rosario from Pixabay (modified)7 Quotes on the Highs and Lows of DeFi from Blockchain LeadersDeFi isn\u2019t quite the powerhouse today it was a [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/2699"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=2699"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/2699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media\/2700"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=2699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=2699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=2699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}