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Stablecoin pools could be the next frontier for DeFi By Cointelegraph

Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi

In times like these, when the entire cryptocurrency market is down and there is a wide sectoral trace to be found, traders have to dig into data to see how market dynamics can be changed to identify signs of new growth. .

Stablecoins are the newest trend to emerge in the decentralized financial arena (DeFi) because of the resilience they bring to the sector, especially since protocols that are more dependent on dollar-linked assets continue to offer to token holders low-risk yield opportunities in turbulent market conditions.

TVL in smart contracts vs price decrease Ether Source: Glassnode
Top set stablecoins for market capitalization. Source: CoinGecko
Total market capitalization of the first 100 DeFi tokens. Source: CoinGecko