‘In the next three to five years, the DeFi industry will grow massively,’ say...
The co-founder of the world’s eighth-largest DEX by trading volume joined Cointelegraph Markets Pro users for an exclusive AMA on Monday. It’s only been two years since its founding, but decentralized exchange (DEX) protocol 1inch Network has already surpassed $85.8 billion in cumulative trading volume. At a May 2019 hackathon in New York City, 1inch co-founders Anton Bukov and Sergej Kunz developed a prototype DEX aggregator that became the basis of the network. DEX aggregators are platforms that source liquidity from multiple DEXs, thereby providing better token swap rates with less....
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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 […]
Ark Investment CEO believes Ethereum’s development is promising and Bitcoin’s value will continue to rise as more companies and institutions adopt the cryptocurrency. Cathie Wood, the CEO of Ark Investment, has doubled down on her prediction that the price of Bitcoin will grow by tenfold in the next five years, and said the growth of DeFi, NFTs and the Eth2 upgrade has massively increased Ark’s confidence in Ether’s future.Wood’s prediction would value Bitcoin at almost $500,000 by 2026. She said that Ark Investment’s future exposure to crypto was likely to be around 60% Bitcoin and 40%....
It appears that decentralized finance (DeFi) is back in vogue after a strong 80% correction throughout the past two months. There is a large amount of institutional capital being deployed back into the DeFi space as top coins bounce strongly from their lows. For some context, top coins pertaining to this space have gained massively […]
The growth in the blockchain industry has been remarkable in recent years, with new innovations transforming the global financial system. Cryptocurrencies have made it possible to make cross-border transactions without intermediaries (Banks) and at low transaction fees. Decentralized finance (DeFi) is another innovative concept that has emerged in recent years with massive potential. DeFi allows […]
Deloitte expects an eventual rise in blockchain-enabled innovations; as a result, “The use of NFTs, crypto, fan tokens, and ticket innovations will grow and evolve.” Bitcoin (BTC) has been attributed as the most prominent blockchain use case, showing the technology’s prowess in successfully delivering an immutable and truly decentralized ledger over the past 13 years. Adding to the years of innovations since then— that saw the introduction of altcoins, non-fungible tokens (NFT), decentralized finance (DeFi) and more, a study conducted by fintech giant Deloitte highlighted the untapped....