Silicon Valley Bank Implosion Whipped Up Frenzy of DeFi Transactions As Crypto Assets Rebounded: DappRadar

Silicon Valley Bank’s (SVB) high-profile implosion last week whipped up a frenzy of decentralized finance (DeFi) transactions, according to market intelligence platform DappRadar.
DappRadar notes in a new report that DeFi tends to be highly susceptible to market concerns and crashes.
Last weekend, USD Coin (USDC) lost its peg to the US dollar following news that Circle, the…

This story appeared on, 2023-03-18.
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