Truly decentralized finance will be beyond siloed blockchains
To be the future lifeline of industries, blockchain technology needs to embrace the old-fashioned quality of interconnectivity. “Yahoo users will not be able to interact via mail with Google email (Gmail) users,” — If tomorrow’s headlines sounded like this, the earth would come to a halt. This headline shall never see the light for all the right reasons. However, blockchain tech and its favorite son, decentralized finance (DeFi), are heading towards this rabbit hole.Siloed blockchains with no window for external communication are dominating the nascent space. Interconnectivity is....
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In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to designate their finances in various ways. 5 Blockchain Networks, 21 Defi Protocols Today, there’s just under $200 billion in defi and that’s just the total value locked (TVL), as it doesn’t include the large....
Panther Protocol has completed its Public Sale, which took under 90 minutes to raise over $22 million. The overwhelming support from investors and enthusiasts confirms the need for privacy and interoperability in decentralized finance and the broader Web3 ecosystem. Achieving interoperability in the decentralized finance and Web3 environments requires new infrastructure. Panther Protocol will provide […]
The decentralized finance industry needs to keep evolving and growing. Shield Finance aims to provide a DeFi insurance aggregator service across multiple blockchains. Following a successful funding round and ahead of the upcoming IDO, there is a lot to look forward to. The Purpose Of Shield Finance The future of decentralized finance will heavily rely […]
Private and public blockchains, normally siloed both technologically and culturally, could become more intertwined if a new effort by bitcoin startup Blockstream gets off the ground. The venture-backed firm is best known for iterating on top of the open-source bitcoin protocol with projects such as the Lightning Network and sidechains, the latter of which aims to allow users to send assets back and forth between blockchains 'pegged' to bitcoin. At the same time, the startup has been working on more enterprise-oriented projects, perhaps biting into the recent buzz and experimentation with....
While decentralized finance took a hit in Q2, stats still show there is an important movement in these protocols. Data taken from Messari’s Q2’21 defi review show that decentralized exchanges are busy settling important numbers. Decentralized Finance Bruised but Still Up The decentralized finance paradigm stormed the market this year, and while it certainly took a hit, it is still healthy. According to numbers extracted from Messari’s Q2’21 defi review report, there is still significant activity going on in the decentralized market. Decentralized exchanges, one of....