After FTX: Defi can go mainstream if it overcomes its flaws
The collapse of FTX and other centralized platforms in 2022 has pushed investors toward noncustodial platforms.
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The collapse of FTX and other centralized platforms in 2022 has pushed investors toward noncustodial platforms.
CoinList blamed “custodian issues” with one suffering an outage affecting “many tokens” on the platform as the reason for reported withdrawal problems.
According to Chainalysis, the downfall of FTX is likely to have a relatively smaller effect on the crypto ecosystem than the demise of Mt. Gox.
The prolonged market volatility has not stopped investors from backing a new protocol that merges DeFi and the foreign exchange market.
The bears were in control for the second week after FTX collapse, leading to a market-wide dismal performance including top 100 DeFi tokens.
BTC price targets now include $12,000, with Ethereum potentially falling to $800 for the pit of the bear market.
On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency.
The new router features a number of updates, including an improved smart contract error processing system.
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