Algorand's new announcement raises hopes of move to DeFi... Details inside
The topic of self-custody, which became increasingly popular in 2023, was paramount to understanding this partnership. 2022 was rampant with the fall of crypto exchanges. Moreover, the community witnessed the cracks and risks in custodial and centralized exchanges.
C3’s launch could likely encourage self-custody and allow Algorand to tap into the DeFi segment. The latter may be one of the fastest growing segments, and this move by Algorand might put it in a position to leverage that growth.It has been an interesting week for ALGO’s performance, as well as the overall crypto market. However, there was some downside in the last few days, which resulted in a 12% correction from the recent monthly top.
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