Analysis Company: “After Bitcoin Exchange FTX’s Bankruptcy Investors Turned To These Two DeFi Projects!”

At the beginning of November, it was revealed that there was a liquidity crisis. Bitcoin (BTC) exchange FTX declared bankruptcy in about a week.

FTXThe bankruptcy of Alameda Research and its sister company cryptocurrency Investors’ confidence in the stock markets also decreased.

Research firm investigating the trend of crypto investors after FTX and Alameda bankruptcy Bernsteinsaid in its new report that investors are moving on-chain after the FTX crash.

In the report, penned by Bernstein analysts Gautam Chhugani and Manas Agrawal, it was stated that investors’ trends had changed and they were leaving centralized exchanges.

“Following the FTX bankruptcy, we have seen more investors turn to decentralized finance (DeFi) spot and derivatives trading platforms where they store cryptocurrencies in their wallets rather than centralized exchanges.

As investors moved from centralized exchanges to DeFi platforms, this was reflected in DeFi as higher transaction volumes and growth in user numbers.

Because we have observed that both the revenue and the number of transactions have increased in the last 60 days.”

DeFi blockchains with the most growth in the report Arbitrum and Optimism blockchains are stated.

“Arbitrum and Optimisim are the blockchains that have seen the strongest momentum in user growth and transaction and revenue momentum since the FTX easing.”

Seen as the native blockchain of FTX and Alameda Solana’s (LEFT) Stating that it was the block chain that lost the most after the bankruptcy, analysts said that after the bankruptcy, many users switched to other chains.

Analysts finally post-bankruptcy Binance Smart Chain (BSC) He added that the number of users has increased, albeit by a small amount.

*Not investment advice.