Genesis Report Highlights ‘Emerging Role’ of Ethereum and Defi in Q2 2021
Genesis Digital, a leading cryptocurrency trading, lending, and custody desk, released its Q2 reports, where it confirms what it calls the “emerging role” that Ethereum and defi have in the industry. The report also confirms that institutional interest in crypto is still rising despite the crash in prices the market experienced in Q2 2021. Genesis Confirms Ethereum and Defi Market Rise Genesis, a big cryptocurrency lending and trading desk, has confirmed that emergent currencies like Ethereum and defi tokens have taken a relevant part of the market, according to its Q2 2021....
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Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable year, with many new wallets experiencing growth as a result.
Nansen Puts 2021 in Review
Nansen, a blockchain analytics firm backed by Coinbase Ventures and a16z, has presented a report about the behavior and growth that decentralized finance and NFTs experienced in the last year. The....
What is Horizon Genesis? Horizon Genesis is a revolutionary new system that provides backing for Horizon Protocol and its assets. The HZN system offers the perfect solution because it extends mainstream DeFi into creating on-chain synthetic assets instead of just providing liquidity in existing ones like many other platforms do. This allows you to take […]
The DeFi economy continues to be built on Ethereum. A new report from ConsenSys highlights the extent to which the Ethereum network drives decentralized finance. The Ethereum (ETH) network continues to be a major driving force behind decentralized finance, signaling the continuation of a trend that began around mid-2020, according to a new quarterly DeFi report by ConsenSys. By the end of June 2021, 2.91 million unique Ethereum addresses had interacted with at least one DeFi protocol, representing 65% growth from the previous quarter. “As community driven education, simple user interfaces,....
The latest Q3 DeFi report from ConsenSys expresses concern about DeFi’s threat to ETH 2.0 staking The rise of DeFi and high yielding liquidity provision opportunities could act as a barrier to participation in staking when ETH 2.0 Phase 0 finally launches according to a new report.The ConsenSys Q3 DeFi Report has taken a deep dive into emerging trends and warns that staking on Ethereum’s forthcoming Beacon Chain may be limited by better earning opportunities on decentralized finance protocols.ConsenSys believes it’s likely that Phase 0 of the ETH 2.0 upgrade will launch before the end of....
DeFi has reclaimed $95 billion in total value locked. The number is significant. What it represents is more significant than the number. A CryptoQuant report drawing on DeFiLlama data has identified a recovery that goes beyond the return of capital. After the post-2021 correction erased the speculative froth from the DeFi market, the $95 billion […]