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DeFi picks up the pace as alternate blockchains and NFTs boom By Cointelegraph

by Mike Robinson

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The cryptocurrency markets rebounded from September’s so-called crash. “September curse” handsomely to hit a market capitalization2.32 trillion. Decentralized finance (DeFi), has played an important role in this expansion. As per DeFi protocol data, total value locked (TVL), a measure of the total value in DeFi protocols increased by over 20% from $113.5 Billion on Sept. 28 and $137 Billion on Oct. 6 to more than $202 billion. Don’t forget to enter the dataDappradar.

Even the Bank of America (NYSE:) (BoA) — a global banking giant — has revealed its Positive outlook for DeFi and Nonfungible Tokens (NFTs). In an Oct. Report by BofA Securities — a subsidiary of BoA — the firm evaluated the scope of crypto assets beyond “just bitcoin.”

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