Assessing reasons for a profitable DeFi industry despite the ongoing crypto winter

ambcrypto.com:

The ongoing crytpo winter has led to investors bearing severe losses in the industry. However, the decentralized finance (DeFi) sector is showing positive returns for investors. Furthermore, the returns also managed to show how mature the DeFi market is becoming.

According to a fresh analysis created by Bolide Finance on 4 October, four distinct yield aggregators recorded returns of 2.87% on average between January and July 2022.

Acryptos had the best returns within the aforementioned time frame, averaging 6.4%, with a profit apex in January of 12.55%. Autofam (1.2%), Beefy Finance (3.75%), and Killswitch (0.17%) were the other three yield aggregators with positive average returns between January and July.

With an average return of 265.12%, PancakeSwap managed to beat rival platforms in other areas of under-farming. It’s interesting to note that platform investors experienced the biggest gains in April, at 318.08%. At the same time, Elipse ranked third with 25.4% gains, followed by Index at 25.7%, and Biswasp at 28.94% for the first Decentralized Exchange (DEX) on the BNB Chain. Returns of 0.77% were recorded by Nomiswap.

According to CoinGecko, the decentralized oracle technology Chainlink and its native LINK token increased by around 8% during the last 24 hours. The cryptocurrency had a market capitalization of more than $3.7 billion and was trading at $7.65 on 4 October. The DeFi industry uses Chainlink’s oracles to give pricing information to various initiatives.

Beyond cryptocurrency oracles and price feeds, the hugely popular liquid staking technology Lido Finance also experienced a bullish surge. The native governance token of the project, LDO, increased more than 7% in the last 24 hours. Voting on various project