Fireblocks Reveals 150% Annual Increase In Institutional DeFi Transactions

Institutional DeFi adoption is surging. On Dec. 4, Fireblocks, an enterprise digital asset management platform, announced that the volume of transactions executed by its institutional users involving DeFi dApps rose 150% year-over-year to more than $60 billion. DeFi activity rose by 110% in Q2 and Q3, signaling that institutional DeFi demand did not waver during the bearish momentum in the third quarter. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant