Binance Research: Bitcoin (BTC) Dominance, DeFi, Staking Became Trendy in July

July was one of the most dynamic months in 2019, shows research by Binance Trading. The most noticeable trend was the ascent of (BTC) and its price dominance over all altcoins. At the same time, altcoins are starting to offer other ways of achieving gains, through staking, as well as various forms of decentralized finance (DeFi).

Decentralized finance is a new trend based on (ETH), as well as other coins, where various collaterals of coins, tokens, or stablecoins are locked as collateral for crypto-based loans. DeFi remains highly risky, with interest rates still unstable.

“With a total col…

This article appeared first on Cryptovest

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