How DeFi trading is evolving after a whirlwind 2020
Although DeFi’s market cap has surged by 2,100% over the course of 2020, critics argue that the industry needs to evolve to be on a more sustainable footing. When the history books are written about cryptocurrency, 2020 will be remembered as the year decentralized finance exploded in popularity.A powerful illustration of how this young, often misunderstood space has grown comes from DeFi Pulse. At the start of January, the total value locked in DeFi protocols stood at $675 million. Since then, records have continued to be smashed — and at one point in December, this figure hit a staggering....
Related News
The DeFi industry offering an alternative to traditional financial services is evolving at a rapid pace. There are few platforms that are using the latest advances in the blockchain space to create DeFi solutions that could not only outperform their peers but also capable of adapting to new developments in the blockchain technology itself. Holdefi […]
Decentralized finance, or simply DeFi, is ever-evolving, dynamic, and community-driven. The desire to offer the best options for its global, quality-insistent base distinguishes this sub-sphere from legacy systems. At peaks, the Total Value Locked (TVL) by DeFi protocols spread across various smart contracts was north of $260 billion. Notably, a big part of DeFi comprises […]
With the decentralized application space evolving rapidly, let’s take a look at some of the best examples that caught our attention in 2020. With the crypto market making a crazy comeback this year, an increasing number of casual investors all over the world are beginning to understand the potential that blockchain technology possesses. For example, over the course of 2020, decentralized applications gained a remarkable amount of traction, with the total locked volume across all decentralized exchanges rising from under $40 million back in December 2019 to a whopping more than $26 billion....
While centralized protocols struggled with the two major market crises of March 2020 and May 2021, DeFi remained resilient. As if 2020 didn’t provide enough nail-biting moments, 2021 is shaping up to be quite an interesting year for cryptocurrency. With the price of Bitcoin (BTC) floating around the $35,000 mark, skeptics and pundits are flocking to the streets of social media to celebrate the long-awaited demise of the decentralized economy. Of course, they quite conveniently forgot that the price of Bitcoin has experienced a 533% increase since the third halving happened in May 2020.....
2020 was the year in which DeFi took the blockchain world by storm. While the rest of the planet will most likely remember 2020 as the year of COVID-19 and lockdown, crypto enthusiasts will also remember it as the year of crypto lending, borrowing, liquidity mining, and the much-reported upon Total Volume Locked (TVL) graph. That was not without good reason, however, as in 2020 the TVL in DeFi protocols grew from $675M to $16.2B. […]