How Did Basic Attention Token (BAT) Become the Most Used DeFi Token?
cointelegraph.com
According to recent research from blockchain analytics firm Flipside Crypto, Brave’s Basic Attention Token (BAT) became the most used ERC-20 token in the decentralized finance (DeFi) sector from June 19 to July 2. According to Flipside Crypto, the recent increase in BAT volume and price was connected to developments in another DeFi project called Compound.
For the past few weeks Compound has been the center of attention in the DeFi space and the recent release of its COMP token caused a stir as it rallied 233% in its first week of trading. According to data from Flipside Crypto, this was the reason for the surge in activity because tokens like BAT have a high interest rate of 30% for lenders and borrowers.
Read in Full: cointelegraph.com
BAT |
$ 0.2374
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