DeFI News by Thebittimes.Com

The real-world asset (RWA) tokenization market is rapidly expanding, with a total market capitalization exceeding $70 billion. Leading the sector are tokens like Hedera (HBAR), Chainlink (LINK), Avalanche (AVAX), VeChain (VET), and Ondo (ONDO). These tokens have experienced notable price surges, signaling strong investor interest in RWA. According to data from CoinMarketCap, the top RWA tokens by market cap include HBAR, LINK, and AVAX. These tokens have all seen significant gains recently, with AVAX increasing by 25%, LINK rising by 15.95%, and HBAR growing by 19.95%. Other tokens in the market are also showing positive trends. Given their current momentum, it is anticipated that the RWA sector will continue to experience growth soon. In light of this, investors are searching for more affordable tokens to capitalize on the current market growth, particularly the best altcoins to buy now . 5 Best Altcoins to Buy Now  Dogecoin (DOGE) has seen increased trading activity, especiall...

The DeFi market kickstarted its recovery a few days back. On 16 October, the total value locked in all protocols was at its lowest point in October. From there, a trend reversal started materializing, and at press time, the said metric depicted an elevated reading of $54 billion. As depicted below, a close to 1% recovery has been noted on this front over the past day. Source: DeFiLlama Individual protocols like Maker and Lido Finance have noted inclines greater than 4% over the past week, instigating the broader recovery. Source: DeFiLlama Interestingly, Algorand’s TVL has been inclining since the beginning of this month. From a low of $175 million registered on 7 October, the value of all tokens locked on its platform has inclined to create a new all-time high of $274 million. The same has, notably, registered a 2% rise over the past day. Source: DeFiLlama Ripple effects On the price front, three tokens among the top five gainers on Wednesday were DeFi-related....

According to Johnny_TVL, Maker Protocol’s governing body, MakerDAO, had its revenues fall by up to 86% in Q3 of 2022. Johnny highlights that the reduction in revenue is due to weak loan demands, and some liquidations. MakerDAO’s earnings fell from $30 million in Q2 to a mere $4 million in Q3. While revenues plummeted, expenses have remained high. This is the first net income loss for the protocol since 2020. @MakerDAO third quarter was a painful one for the decentralized lender. Notables: – revs fell 86%, collateral ratio down to 1.1 – G-UNI dominating, is this increasing liquidity and on-chain volumes for DAI? – wBTC reliance on whales/institutions – RWAs – Endgame 🧵 1/n pic.twitter.com/OrJ7JvFSM3 — Johnny_TVL (@john_tv_locke) October 13, 2022 As per the data shared by the Twitter user, Maker DAO’s revenue from Ethereum-based assets fell by 74%. On the other hand, revenue from Bitcoin-based assets fell by 66%. Ether (E...