JPMorgan analysts cautious amid DeFi and NFT resurgence signals
JPMorgan analysts’ report has pointed to a tentative recovery in DeFi and NFTs. The analysts, however, caution against premature optimism. Their report notes a notable uptick in NFT sales volume and increased total value locked in DeFi. JPMorgan analysts, led by Nikolaos Panigirtzoglou, have cautiously approached the recent upswing in decentralized finance (DeFi) and non-fungible tokens (NFTs). Their report highlights a tentative recovery in these sectors, signalling potential optimism. However, the analysts underscore the need for a vigilant outlook, citing nuanced factors influencing the market shift. DeFi and NFT recovery signals In their recent report, the JPMorgan analysts express a tempered view on the nascent recovery observed in DeFi and NFTs but cautioned against premature optimism. The report notes a notable revival in NFT sales volume and increased total value locked in DeFi after nearly two years of a downturn. Despite these positive sign...