DeFi picks up the pace as alternate blockchains and NFTs boom
On the back of the incredible crypto market recovery and the boom in NFT markets, the DeFi market has grown 18% in October. As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols grew more than 20%, from $113.5 billion on Sept. 28 to hit $137 billion on Oct. 6, as per data from Dappradar.Even the Bank of America (BoA) — a global banking giant — has revealed its....
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The DeFi boom has given rise to a new trend that needs no introduction — non-fungible tokens, or NFTs. The frenzy for digital collectibles which surfaced as a part of the DeFi boom does not seem to be slowing down anytime soon. In fact, the average number of NFT sales has risen from 21,815 per […]
China's Nervos picks Huobi's HUSD as the first available stablecoin on its blockchain amid a DeFi boom in China.
Since the start of the crypto boom, the movement of Decentralized Finance projects have increased. New DeFi projects are popping up on different blockchains. From tokens to protocols, it seems that when you blink, you miss a project. One of such projects is Holdefi, a DeFi project that allows crypto holders to lend and borrow […]
Is Solana summer over? Seasonality might suggest so, but if that’s enough for you, the blockchains usage across both defi and NFT landscapes has been falling recently. Competing chains are making targeted and dedicated efforts to get more involved in both defi and NFTs, leading to major growth and investment in the space at large. […]
The increased demand for transparency and open-source solutions creates a domino effect that will result in total Web 3.0 adoption. Decentralized finance (DeFi) has shined a spotlight on a fairer internet since early 2020, and we’re on the brink of something world-changing. DeFi technology would not be possible without the web infrastructure that is widely used today, demonstrating the tremendous strides we have made with next-level innovation. The third era of the internet has already dawned, with a new economy, new careers and new enterprise opportunities.Many experts believe DeFi’s rise....