Understanding digital bubbles amidst the COVID-19 pandemic: Evidence from DeFi and NFTs
| المؤلف | Maouchi, Youcef |
| المؤلف | Charfeddine, Lanouar |
| المؤلف | El Montasser, Ghassen |
| تاريخ الإتاحة | 2022-12-27T08:14:15Z |
| تاريخ النشر | 2022 |
| اسم المنشور | Finance Research Letters |
| المصدر | Scopus |
| الملخص | This paper investigates digital financial bubbles amidst the COVID-19 pandemic. Using a sample of 9 DeFi tokens, 3 NFTs, Bitcoin, and Ethereum, we detect several bubbles overlapping the examined cryptoassets. We also uncover DeFi and NFT-specific bubbles in Summer 2020 suggesting distinct driving factors for this class of assets. We document that DeFi and NFTs bubbles are less recurrent but have higher magnitudes than cryptocurrencies' bubbles. We also find that COVID-19 and trading volume exacerbate bubble occurrences, while Total Value Locked (TVL) is negatively associated with cryptoassets' bubbles. Our results suggest that TVL can be used as a tool for market monitoring. 2021 The Author(s) |
| راعي المشروع | The authors wish to thank Jonathan Batten (the Editor-in-Chief), and four anonymous referees for very helpful comments and suggestions. The authors, however, are responsible for any remaining errors. The second author would like to thank the financial support of QNRF, Qatar under the grant number NPRP11C-1229-170007 from the Qatar National Research Fund (a member of Qatar foundation). The statements made herein are solely the responsibility of the author(s). Open Access funding provided by the Qatar National Library. |
| اللغة | en |
| الناشر | Elsevier |
| الموضوع | COVID-19 DeFi Digital bubbles NFTs Real-time detection Total Value Locked |
| النوع | Article |
| رقم المجلد | 47 |
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