Interest in Blockchain
Accelerating consumer inflation, comparative profitability and the rising popularity of cryptocurrencies remain the main factors that contribute to the industry's constant growth. Search engine inquiries for cryptocurrencies are breaking records, with Bitcoin and Ethereum being among the most profitable assets in the history of the financial market. More and more people around the world are using cryptocurrencies for their daily transactions, while many companies are making significant advances into blockchain by creating their own NFT collections and tokenizing their assets. Cryptocurrencies have become the subject of films and books, with Bitcoin even appearing in mainstream news feeds as a matter of course these days. There is an overwhelming positive trend in the number of blockchain users and those wishing to use decentralized finance (DeFi). The number of Ethereum accounts has exceeded 170 million and continues to grow at an exponential rate.
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The industry creates opportunities for earning APY percentage returns in the triple and quadruple figures, which entices a huge number of people to lock up their money in liquidity pools of various DeFi projects. Investors contribute billions of dollars to generate higher off-market returns, which is a factor that makes the industry attractive.
Last modified 5mo ago