BTC and ETH led the market to rise, DeFi became the winner, and rebounded strongly after the plunge

Editor's Note: This article comes fromChatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.

Editor's Note: This article comes from

Chatting with Xiaozha (ID: xiaonazha88)

Chatting with Xiaozha (ID: xiaonazha88)

The engine of the DeFi bull market. However, when Bitcoin and ETH soared, the DeFi series of tokens were in a mess.

DeFi leading protocols, such as snx and lend, are plummeting, and the engine of the bull market has just stalled.

The DeFi protocol has risen a lot, and it is necessary to adjust it. But in this round of skyrocketing mainstream currencies represented by BTC and ETH, DeFi may be the winner.

DeFi is decentralized finance, and what you play is money. The more valuable assets, the more room for DeFi to play.

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1. Although DeFi is plummeting, BTC and ETH are flowing into DeFi

Needless to say, the head of DeFi plummeted. Lend fell from $0.38 to $0.219, a drop of more than 40%, as shown in the figure below.

Of course, it is not only Lend that has plummeted, but also other DeFi series tokens. So is the plummeting DeFi because it can't continue to play, or is it temporarily adjusted because of BTC's blood sucking? Let's look at the data.

According to debank data, the lock-up volume of DeFi has also seen a sharp correction, as shown in the figure below.

Of course, just looking at this data, it is found that the amount of DeFi locked positions has dropped very quickly, but it should be noted that many DeFi series token mortgages are calculated here. So take it apart and see if the locked positions of BTC and ETH increase or decrease.

According to dapptotal statistics of ETH lock-up volume:

On July 9th, the amount of locked ETH is: 3,749,645 pieces

The ETH locked position on July 27: 4,145,045 pieces

On July 29, the ETH lock-up volume is: 4,356,521 pieces

On July 29th, compared with July 27th, the amount of locked ETH increased by 5.1%.

According to Debank's statistics on the amount of locked positions of BTC:

On July 27th, the locked-up amount of BTC is: 18,709 pieces

The amount of locked BTC on July 29: 19,717

Compared with July 27, the amount of locked BTC increased by 5.3%.

It can be seen that in this round of skyrocketing, BTC and ETH seem to be accelerating their flow into the DeFi ecosystem.

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2. During the skyrocketing of BTC and ETH, various big Vs did not forget to mention DeFi

The skyrocketing BTC ETH has also led to the activity of the community, and the quiet users have slowly become active again, and all the big Vs have not forgotten to mention DeFi, some say it is just a hot spot, and it will pass; some say it is the engine of the bull market , will drive the arrival of the bull market.

It’s good to say that DeFi has both good and bad. After all, if everyone agrees on something, then you have to think more about it. If everyone can’t agree on something, you have to think about it.

Therefore, it is not only about what people are saying, but more importantly, what people are doing. If funds continue to flow into DeFi, it means that those who are optimistic are very honest in their bodies.

Of course, there are bubbles in DeFi. If there is no bubble, just ask yourself, would you come? How many blockchain projects have no bubbles, right?

Appropriate bubbles are conducive to the development of the industry, which can attract talents and capital to enter the market.

Waking up early in the morning, the DeFi series tokens are recovering strongly.

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3. Ampl is experiencing a trough again

Ampl is a rare coin in DeFi. There is no blood-sucking currency in the skyrocketing btc, but it has also stepped into the rhythm of a callback. See the daily price K-line chart of ampl.

The price of ampl is going back and forth like this, and the cycle is repeated, and finally the volatility of the price is gradually reduced, reaching a relatively stable state.

The liquidity diagram of ampl on uniswap is as follows.

At the next level, the price and liquidity of ampl dropped a little, and then accumulated strength to go up. In the process, the number of addresses of ampl's currency holders also continued to increase. For ampl, He Taiji's point of view is "take it well and don't look at it".

This mechanism of ampl is really attractive, and people who get off want to wait for the plunge so that they can get on again.

I can see that many WeChat groups are discussing ampl, and many cex are launching ampl. Why is this?