Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi

Cointelegraph

Published Jun 25, 2021 06:00PM ET

Updated Jun 26, 2021 08:00PM ET

In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth.

Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena due to the resiliency they bring to the sector, especially since protocols that are more reliant on the dollar-pegged assets continue to offer token holders low-risk yield opportunities in turbulent market conditions.

TVL in smart contracts vs. Ether price decline. Source: Glassnode
Top seven stablecoins by market capitalization. Source: CoinGecko
Total market capitalization of the top 100 DeFi tokens. Source: CoinGecko

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