Q2'20 Review: Liquidity mining drives DeFi usage and token prices to all-time highs
Jul 15, 2020 ⋅ 8 min read
Usage in DeFi skyrocketed in Q2 as total value locked increased to over $2 billion, daily DEX volumes surpassed $500 million, and overall users grew ~100%. These fundamentals were reflected in price as every sector outperformed ETH. The advent of liquidity mining also proved to be a monumental shift as it radically changes how projects distribute tokens and how users can get rewarded for providing tangible value.
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