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SotN #2 - CHURNING; ETH bears wrong, Venmo loves crypto, Gas fees good

Bankless

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The Evolution of Ethereum and DeFi Dynamics

This chapter explores the recent bullish trends in cryptocurrency, focusing on yield farming and liquidity farming. It delves into the shifting perceptions of Ethereum within the DeFi ecosystem, contrasting its performance with emerging DeFi tokens and the influence of stablecoins. The discussion highlights the increasing role of decentralized finance, the dynamics between Bitcoin and Ethereum, and the competitive landscape among crypto banks like Nexo Finance.

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