1/ #DeFi reached its peak in December 2021, earning a staggering $247.96 billion of TVL🤑
However, DeFi has suffered dramatically due to all the macroeconomic conditions and the rise in hacks and exploitations, with TVL falling to a low of $67.46 billion in June 2022
2/ According to the report, to bounce back stronger from the current state, there are 3 main points that must take place in #DeFi ecosystem🚨
Without achieving these points, DeFi can't reach its full potential✨
According to @Blockworks_, @opensea deleted several music-themed Ethereum Name Service domain auctions the same week that OpenSea cut 20 percent of its personnel after getting notice from the Recording Industry Association of America (RIAA).
The International Organization of Securities Commissions (IOSCO) and the Committee on Payments and Market Infrastructures (CPMI) of the Bank for International Settlements released final guidelines on stablecoin practices on Wednesday by @Blockworks_
We are all #AVAX believers because it has the highest potential among all L1s to be the top blockchain in the system.
However, it is necessary to answer the question of ''Why?''.
In this thread, I will explain the reasons why we believe in #AVAX🧵
There are many reasons to be bullish on @avalancheavax🔺:
1) Team 2) Tokenomics 3) Best Product 4) Broad landscape of projects 5) Strong community
Before discussing all the points, we need to answer what is @avalancheavax?
The easiest way to explain Avalanche is as the foundation of platforms, which ultimately consists of tens of thousands of subnets to produce a diversified, integrated network of numerous blockchains.