#DeFi / ‘DeFi’ Becomes Popular Crypto Rebranding Term

DeFi, which is also known as “decentralized finance,” has been included in an increasing wave of business promotions in 2020… In theory, DeFi apps are meant to allow individuals to borrow, loan, get insurance or exchange amongst themselves sans middlemen.

The rebranding initiatives in a number of instances are bringing about a rise in crypto prices last observed in at the height of 2017’s bitcoin bubble.

In one instance, Tron’s TRX coin’s market value is linked to the Sun Genesis Mining DeFi coin and spiked by $800 million in the three days following the new token’s unveiling.