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DeFi picks up the pace as alternate blockchains and NFTs boom By Cointelegraph




As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral a part of this progress. The entire worth locked (TVL) in DeFi protocols grew greater than 20%, from $113.5 billion on Sept. 28 to hit $137 billion on Oct. 6, as per information from Dappradar.

Even the Financial institution of America (NYSE:) (BoA) — a world banking large — has revealed its bullish outlook on DeFi and nonfungible tokens (NFTs). In an Oct. 4 report by BofA Securities — a subsidiary of BoA — the agency evaluated the scope of crypto property past “simply bitcoin.”

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