Digital Currency Revolution Series: ETH/USD Bulls Uproar Ahead Of Ethereum 2.0 Testnet, Uphold Long Hedges
Blockchain Revolution Series: India’s Leading IT Giant TCS Launches Quartz Smart Solution For Cryptocurrency Trading
Digital Currency Revolution Series: Take A Look On Buzzing Crypto-Space Amid Flurry of Fundamental Events
FxWirePro: Sterling Halts Rallies Ahead of US Unemployment Data, Consider Upside Risk With Pinch of Salt – Deploy Diagonal Spreads
FxWirePro: Sterling Gains Momentum But Long-Term Prospects Still Edgy – Capitalize on 2m/2w OTC Bids & Deploy ‘DDPS’ Ahead of FOMC
Spotlight on Bakkt & CME BTC Futures With Mounting Institutional Interests As Bitcoin Bulls Halt $11k
Regulatory Series on Cryptocurrencies: BIS Sheds Some Light on Evolution of CBDC Amid Pandemic Covid-19
FxWirePro: What s Driving USD/JPY? Capitalize on 2m/2w OTC Bids & Deploy Diagonal Put Spreads To Hedge
Blockchain Revolution Series: Ernst & Young Features In Top-3 Enterprises Blockchain Solution Provider
Regulatory Series on Cryptocurrencies: FCA Issues UK’s Crypto-Businesses Cutoff Date For Obtaining Licence
Quick Run Through on DeFi’s Adoptability That Comes As Blessing In Disguise
DeFi has been getting its traction of late within the gamut of FinTech, growing form of Decentralized Finance (DeFi), where individuals are able to access financial services without the involvement of a bank or third party, might make things even harder for such businesses.
Gone are the days, where laggards used to be traditionally bounded and be risk averse, but for now, ever changing technology within some DApp-building communities, particularly DeFi, composability significantly intensified its swift pace for the development timelines. But mainstream adoptability of DeFi in 2020 has to encompass some hurdles. DeFi apps can bootstrap the UX of their apps by offering connectivity to tools like liquidity, banking services, and unique trading pairs.
While the entire cryptocurrency industry is struggling, the ethereum ecosystem continues to expand. Exciting new DeFi ventures are grabbing headlines every week, from decentralized VPN providers to blockchain infrastructure projects to payment providers.
Precisely, as the DeFi movement is on the verge of emerging, today’s total crypto market cap of $195B is over $150B shy of the assets managed.
Although the modern era of FinTech has evolved considerably, DeFi has come into the fold of mainstream financial services using DLT where many fraudulent instances are witnessed, DeFi projects must build on-ramps including better and secured user interfaces, accessible products and services, and stablecoins in order to ensure the ease of usage to deal into the digital assets.
The value of funds infused in DeFi apps that has exponentially grown, quadrupled to be precise from $276 million an year ago to over one billion dollars, according to website DeFi Pulse.
While MakerDAO holds 61% of the funds with $609M, followed by Synthetix with $131M, and Compound with $127M. On the lower end of the scale is the Bitcoin Lightning Network with $8.5M. Courtesy: BNC