DeFi platforms see profits amid FTX collapse and CEX exodus By Cointelegraph
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DeFi platforms see profits amid FTX collapse and CEX exodusA week after the fallout from the FTX and Alameda chaos, some on-chain data points are interesting to observe. Although record amounts of (BTC) and Ether (ETH) are leaving the exchanges, not all decentralized applications (DApps) and protocols have shown growth, mainly due to reliance on FTX and Alameda.
According to Token Terminal’s earnings leaderboard, in the last seven days, three protocols had revenue above $1 million. led the on-chain earnings with over $8.5 million total, a sign of strong post-Merge fundamentals.
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DeFi platforms see profits amid FTX collapse and CEX exodusA week after the fallout from the FTX and Alameda chaos, some on-chain data points are interesting to observe. Although record amounts of (BTC) and Ether (ETH) are leaving the exchanges, not all decentralized applications (DApps) and protocols have shown growth, mainly due to reliance on FTX and Alameda.
According to Token Terminal’s earnings leaderboard, in the last seven days, three protocols had revenue above $1 million. led the on-chain earnings with over $8.5 million total, a sign of strong post-Merge fundamentals.
Continue Reading on Coin Telegraph
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