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🏦 DeFi: Defi Summer

DeFi summer is underway with significant activity in the decentralized finance space. Hackers are targeting DeFi platforms, resulting in substantial losse...

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🏦 DeFi: Defi Summer

DeFi summer is underway with significant activity in the decentralized finance space.
Hackers are targeting DeFi platforms, resulting in substantial losses.
According to CoinDesk, billions are being drained from DeFi platforms, with almost none of the crypto being insured.

KuCoin reports on the emergence of DeFi summer elders, indicating a shift in the DeFi landscape.
This development may lead to increased adoption and innovation in the space.

The DeFi summer is expected to continue, with potential implications for the broader crypto market, and the season is likely to end with a lasting impact on the industry.