{"id":426723,"date":"2020-06-09T18:00:15","date_gmt":"2020-06-09T18:00:15","guid":{"rendered":"https:\/\/ktsl888.com\/?p=426723"},"modified":"2020-06-09T17:47:07","modified_gmt":"2020-06-09T17:47:07","slug":"ethereum-based-defi-coins-are-outperforming-bitcoin-in-2020-heres-why","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-based-defi-coins-are-outperforming-bitcoin-in-2020-heres-why\/","title":{"rendered":"Ethereum Based DeFi Coins Are Outperforming Bitcoin in 2020: Here’s Why"},"content":{"rendered":"
Viewed as a sector, decentralized finance (DeFi) has shown a much better performance than the broader crypto market. Data has shown that major DeFi projects such as the Kyber Network, Loopring, Aave, and Republic Protocol have all shown significant returns between 165% and 300% this year, vastly outperforming major players such as Bitcoin and Ethereum.<\/span><\/p>\n While decentralized finance has long been touted as the true driving force of change in the crypto industry, the abundance of projects made it extremely hard to track it as a single sector.\u00a0<\/span><\/p>\n However, data has shown that not only is DeFi as a whole thriving but that the projects built to facilitate decentralized finance have been the best performers this year.\u00a0<\/span><\/p>\n When it comes to year-to-date performance, the absolute leader in returns is liquidity provider Kyber Network, with data from CoinCodex showing its KNC token increased in value almost 313% this year. <\/span><\/p>\n LEND, the native token of the Aave platform, increased by 287% since the beginning of the year, while Loopring\u2019s LRC saw its value jump 265%.\u00a0<\/span><\/p>\n These coins have benefited from a parabolic explosion in the number of DeFi users, something that has been observed<\/a> by crypto investor Spencer Noon.<\/p>\nStrong Winners in Ethereum DeFi This Year<\/strong><\/h2>\n