{"id":3043,"date":"2020-12-21T13:34:07","date_gmt":"2020-12-21T13:34:07","guid":{"rendered":"https:\/\/afluxcoin.com\/34\/decentralized-finance-defi-is-good-but-bitcoin-is-king-is-it-true\/"},"modified":"2020-12-21T13:34:07","modified_gmt":"2020-12-21T13:34:07","slug":"decentralized-finance-defi-is-good-but-bitcoin-is-king-is-it-true","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/ru\/34\/decentralized-finance-defi-is-good-but-bitcoin-is-king-is-it-true\/","title":{"rendered":"Decentralized Finance (DeFi) is good, but Bitcoin is king: is it true?"},"content":{"rendered":"

Bitcoin is breaking one all-time high after another, while Decentralized Finance (DeFi) underperformed this week. Even so, there were two DeFi projects that put Bitcoin in the shade.The crypto market can look back on a historic week and investors were also able to set new records in the DeFi sector. Not only Bitcoin has reached a new all-time high. The Total Value Locked Indicator, which shows all capital tied up in DeFi protocols, has reached a new record high.DeFi protocols currently manage nearly 16 billion US dollars, which is about the current market capitalization of companies like PUMA, LG Electronics, or the Italian bank UniCredit corresponds. Even though some decentralized finance token courses saw huge increases this week, the DeFi Pulse Index (DPI) could not outperform Bitcoin and Ethereum.Nevertheless, the \u201cETF token\u201d DPI rose by 15.13 percent in the last seven days at the time of going to press.While Bitcoin is up over 20 percent this week, top DeFi giants like YFI, UNI, and AAVE are only up five to ten percent. However, this may primarily be due to the fact that these tokens already recorded enormous price increases in late November and early December. Decentralized finance was one of the first sectors to recover from the lows in the altcoin market in early November.Two DeFi tokens even performed better than Bitcoin. SushiSwap (SUSHI) was one of the big winners in December. In the last seven days alone the price rose by 25.1 percent, and on a monthly basis, SUSHI was able to gain 100.2 percent. What was that about?Yearn.Finance merges with SushiSwap. The partnership enables the teams behind the two projects to realize synergies. Together they are working on the major Deriswap project \u2014 an all-in-one platform for lending, token exchange, and derivatives trading.SUSHI also announced the release of\u2026<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin is breaking one all-time high after another, while Decentralized Finance (DeFi) underperformed this week. Even so, there were two DeFi projects that put Bitcoin in [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/3043"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/comments?post=3043"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/3043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/media?parent=3043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/categories?post=3043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/tags?post=3043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}