Sights set on mainstream adoption: Is another DeFi summer on the way?
Last summer, DeFi took the world of financial services by storm, but the question is: Will history repeat itself? Over the last year, decentralized finance has been the hottest topic of discussion in the crypto world, pushing the entire industry to new heights, developing innovative applications for the technology, and making financial services more accessible. It intends to place economic infrastructure back in the hands of the people, and just like how TCP/IP facilitated the growth of so many enterprises on the internet, decentralized finance is bringing business onto the blockchain.Last....
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A report by Steno Research states that the decentralized finance (DeFi) summer on Ethereum and the crypto market could return as early as 2025. Four years after the fondly remembered DeFi summer of 2020, the total value locked (TVL) in protocols can hit an all-time high by early next year. However, the return of DeFi […]
Last year, the DeFi summer led crypto adoption to mainstream attracting bigger players into the sector, this year, the massive adoption of a non-fungible token (NFTs) is the hot cake on everyone’s menu, both crypto enthusiast and non-crypto enthusiast. NFTs which started as a small sector within the blockchain and cryptocurrency industry have witnessed explosive […]
Even after the recent rally, the prices of top DeFi coins are down massively since the summer highs. Data from CoinGecko indicates that the average DeFi coin has dropped by approximately 60-70% from their summer highs, underperforming Bitcoin massively. This comes in spite of the fact that the total value locked in DeFi contracts has […]
Cointelegraph Consulting releases some trends and insights featured in their “DeFi Adoption 2020: A Definitive Guide to Entering the Industry.” The majority of DeFi projects believe the industry is far away from maturity, but they are sure that mainstream adoption is likely to occur. This was disclosed on Sept. 21 when Cointelegraph Consulting released the results of a DeFi survey in “DeFi Adoption 2020: A Definitive Guide to Entering the Industry.”The survey showed that 48% of the top projects in the DeFi space expect mainstream adoption to arrive after three to five years, while 8%....
It’s been a tough past few weeks for the DeFi market. Leading coins pertaining to decentralized finance have undergone strong corrections as buying pressure from the summer subsides, resulting in a mass of early adopters taking profits. The average DeFi coin fell by 65% from its summer highs to the lows set just a few […]