DeFi Protocol Set for 'Explosive' Recovery as Bitcoin Rises: Bernstein Report

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2024/03/04 11:30

In a report on Monday, 4 March, Bernstein analysts Gautam Chhugani and Mahika Sapra pointed to a "big bang" recovery in DeFi as bitcoin approaches new all-time highs. The reasoning is that the current cycle is likely to bring more volume to the DEX generally, and with the introduction of fee-sharing for the token mechanism in the DeFi protocol, represented by Uniswap, DeFi is poised to change from the unsustainably weak token economy of the last cycle to an encouraging model of real returns.

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