DeFi poised for major comeback amid Bitcoin’s rally, predict B | DeFi Updates

DeFi poised for major comeback amid Bitcoin’s rally, predict Bernstein analysts

With bitcoin approaching all-time highs amid strong spot exchange-traded fund inflows, analysts at research and brokerage firm Bernstein anticipate a “big bang” DeFi recovery to come next. The DeFi segment got “completely wiped out” during the last cycle, playing a game of unsustainable yields driven by subsidies from token incentives (inflation) that ultimately came crashing down, the analysts argued.

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