Rising DeFi TVL and Binance staking back 88% rally in IOST price

Cointelegraph

Published Apr 15, 2021 02:47PM ET

Updated Apr 15, 2021 04:20PM ET

While the past year has been marked by the rise of decentralized finance (DeFi), centralized entities like Coinbase and Binance continue to be some of the most important players in the industry as a whole, as they are essential in attracting attention to promising projects and pave the way for wider adoption.

One protocol that has taken advantage of the "Binance bump" over the past week is IOST, a fully-fledged decentralized blockchain ecosystem that utilizes a unique proof-of-believability consensus protocol.

IOST/USDT 4-hour chart. Source: TradingView
VORTECS™ Score (green) vs. IOST price. Source: Cointelegraph Markets Pro

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