\r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\n \r\n\r\nAfter the price boom of cryptocurrencies, the DeFi field is getting heat up. Decentralized exchange SushiSwap and others perform well.\r\n\r\nThe cryptocurrency market is silent in recent days.\u00a0Bitcoin\u00a0has dips till 17k, and it reaches the\u00a019k price level again.\u00a0Ethereum\u00a0tries to balance its price above $600, but it lags, and its value is\u00a0$585\u00a0now.\u00a0XRP\u00a0is trying to get momentum to go back to the\u00a0$0.60\u00a0price level, but it goes down instead. In the background, decentralized finance gains some progress. Let\u2019s examine some of them.\r\nSushiSwap Goes for $3\r\nSushiSwap\u00a0emerges as a promising decentralized exchange.\u00a0Yearn.Finance\u00a0partnered with SushiSwap in early December, and they will do some excellent projects. SushiSwap surpassed Curve Finance in the total value locked (TVL). According to the\u00a0DeFiPulse, SushiSwap reached\u00a0$968.433 mln\u00a0TVL on December 6, and Curve Finance roll down to 3rd place. The price of Sushi is increasing recently. It displayed a\u00a020%\u00a0increase in price in the 24 hours. The highest price during the is\u00a0$2.7. Now the current price is $2.57. Sushi can add some value and reach the $3 level. Also, there is just a\u00a0$300 mln\u00a0difference in TVL between SushiSwap and Uniswap, and this difference can be narrow down to a minimal level.\u00a0\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nSynthetix\r\nSynthetix\u00a0is the derivatives liquidity protocol, and it is the main actor in the derivatives market in DeFi. According to the\u00a0DeFiPulse, Synthetix has the\u00a0$840\u00a0mln TVL, which makes it the leader in the derivative field. According to TradingView, the price went up about\u00a017%\u00a0by 24 hours. The highest value was\u00a0$5.51\u00a0in 24 hours. At the time of writing, its price was\u00a0$5.25. If SNX breaks the resistance level at $5.40, then it can go up to $6.\u00a0\r\n\r\n \r\n\r\nCryptocurrencies and DeFi work in cooperation which the progress in the former leads to growth in the latter. These are the product of the future and involved in one of them can bring some profit in the future.\r\n\r\n#coinsfera #cryptonews #cryptocurrency #buybitcoinistanbul #buybitcoindubai #buybitcoinkosovo #buybitcoinwithcash #sellbitcoinwithcash #buybitcoin #sellbitcoin\r\n\r\nDisclaimer: All information provided in the content is for informational purposes only and should not perceive as an investment, financial, or trading advice. Any investment decision you make should be a personal choice based on financial knowledge, experience, and market research.