Last week China’s Heavy-handed crackdowns on cryptocurrency tradingThe announcement of crypto caused shock waves in the crypto market. Altcoin and crypto prices plunged sharply, but the market rebounded as more resilient traders discovered other ways to take part.

China seems to have set out to limit citizens’ ability to trade crypto. However, these tactics seem to have the reverse effect. Since the crackdown started, the token price has risen and protocols activity for projects such as Uniswap and dYdX has increased.