Growth on Band Protocol and Kava Proves Demand for Cross-Chain DeFi | Crypto Briefing

Key Takeaways

  • Non-Ethereum DeFi solutions have witnessed strong growth in recent months
  • 50% of BAND’s circulating supply was pulled from exchanges in just one day as investors looked to stake their tokens
  • Kava’s latest debt ceiling was hit 30 seconds after the resolution to increase it was passed
  • Ethereum is still the most liquid and used DeFi base layer, but competitors are slowly eating into its market share

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