DeFi Protocol Set for 'Explosive' Recovery as Bitcoin Rises: Bernstein Report
In a report on Monday, 4 March, Bernstein analysts Gautam Chhugani and Mahika Sapra pointed to a "big bang" recovery in DeFi as bitcoin approaches new all-time highs. The reasoning is that the current cycle is likely to bring more volume to the DEX generally, and with the introduction of fee-sharing for the token mechanism in the DeFi protocol, represented by Uniswap, DeFi is poised to change from the unsustainably weak token economy of the last cycle to an encouraging model of real returns.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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According to Goldman Sachs, global refined oil exports have declined by about 6 million barrels per day year-on-year, with the Gulf region and Russia contributing three-quarters of the decrease. Unlike crude oil, which can be rerouted, damaged refineries cannot be relocated, and the Gulf region's refined oil exports have only recovered to 40% of pre-war levels. Goldman Sachs expects global refinery utilization rates to recover only by the second half of 2027; based on this, it has more than doubled its forecast for diesel profit margins in 2027.
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