Business News

3 reasons DeFi users are good at Abracadabra, Magic Internet Money and SPELL Cointelegraph

[ad_1]


Stablecoin and its use in decentralized finance (DeFi) have played a key role in the 2021 cryptocurrency market, enabling investors to participate in growing protocols and participating in protocols that offer high-yield stakeholder sets and facilitate the transaction process. without having to. to use a centralized exchange.

One project that has been widely accepted thanks to the creation of a truly decentralized ecosystem and a protected asset-backed currency is the Abracadabra.money DeFi protocol and its original SPELL token.

SPELL / USD 4 hour chart. Source: TradingView
The full value is locked in Abracadabra.money. Source: Defi Llama