DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined

DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined


Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.

The FTX collapse has created a sense of uncertainty among large and retail investors alike, who are not very sure whether they should keep their funds on centralized exchanges or not. The dilemma has led to a major uptick among DeFi protocols and decentralized exchanges.

DeFi protocols and decentralized exchange (DEX) platforms gained some momentum in the aftermath of the FTX implosion. A new report from Delphi Digital suggests DEX platforms gained 24% volume in the wake of the FTX collapse.

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In other DeFi news, crypto scammers are actively using black market identities to avoid detection. DeFi protocol 1Inch is looking to

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