DeFiChain (DFI) was untouched by the crypto market which faced a correction to see the price of Bitcoin (BTC) fall 22%.
DFI proved an increase of over 95% for the period 1 and 2 December 2021. While for the record 1 to 9 December, these assets recorded a jump of 71%.
In general, these assets were bullish throughout December driven by several factors:
Presence of decentralized assets and staking functions
Users of the platform can access several pools involving several major cryptocurrencies: Bitcoin (BTC) and Ethereum (ETH), including synthetic stocks and indices such as Tesla, Apple, and the S&P 500 on the DeFiChain network.
Users also have the opportunity to get higher results compared to other platforms through the staking function.
The number of transactions increased
The launch of decentralized assets in this network led to an increase in the number of transactions.
Indirectly, more for new use cases are generated.
The presence of the latest features in the network is also attracting new users to join the DeFiChain ecosystem.
As of December 8, the number of wallets owning a DFI now reached its latest record high, 42,555.
Total locked -in value (TVL) reaches all -time high (ATH)
It is said that TVL in this network reached an ATH value, $ 1.83 billion.
The surge was clearly driven by the launch of the latest feature, causing users to put in funds to gain access to high revenue opportunities.
These 3 factors are the main reasons why the DFI recorded a positive price movement for December.
Additionally, whales that have at least 20,000 DFIs have the option to lock DFI tokens and run master nodes on the network.
This method also offers rewards to them for ‘supporting’ transaction authentication and blockchain protection.
