On October 9, MNNC Group chief operating officer Ayesha Kiani said that as Bitcoin and Ethereum are still performing well, some counterfeit products have been eliminated, and the consolidation in the field will continue.
If 2020 was the summer of DeFi, 2024 will be the summer of Bitcoin, writes Frank Chaparro, director of special projects at The Block, and Laura Vidiella of MNNC Group. Bitcoin's dominance has risen 10 per cent since the start of the year, reaching 59 per cent on August 5 - a three-year high. Meanwhile, DeFi's dominance has fallen sharply, recently hitting its lowest level in three years. The article notes that this does not necessarily mean the "death" of DeFi. In July,...