From a macro perspective, a long period of accommodative monetary policy underpinned a strong rally in speculative assets, such as stocks and cryptos, over the past few years. Bitcoin, in particular, has traded within four-year bull and bear cycles that produced higher returns relative to stocks, albeit with more volatility.
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...