Huawei tweeted about Defactor, a DeFi protocol, $FACTR token surged 500%

Huawei released a Defactor promotional video on its official Twitter account on February 21, and tweeted: "defactor is a start-up that bridges traditional financing to the new world of #DeFi. Check out their journey at the Huawei International Scale-Up Programme in Ireland."

Defactor is an integration layer and a suite of tools designed to help traditional businesses leverage decentralized finance (DeFi) using the systems and processes they already have in place. The platform simplifies interaction with the blockchain for inexperienced institutions, helping them to utilize DeFi.

$FACTR, the token for Defactor, has risen over 500% in the past 24 hours.