bitcoins price crested an all-time high 40,000 mark while defi total value locked hits a new record on market fervor.
Analysts believe elon musks shout-out to crypto pushed bitcoins price upwards at a time when decentralized exchanges are.
while defi is booming, ethereums blockchain competitors catch up.
What Is DeFi? CoinDesk
Defi is short for decentralized finance, an umbrella term for ethereum and blockchain applications geared toward disrupting financial intermediaries.
While defi products on ethereum blockchain are a well-proven market, many top assets are still locked out from the lending market. Evolution finance goes far beyond erc20 by using renvm to port top assets like egld, avax, xem, dot, trx, or even doge to evolution finance.
decentralized finance has hit another milestone in terms of total value locked according to metrics provider defi pulse. 87 billion, an all-time high and an increase of 2,800 since the same time last year.
Crypto crime reduced by 60 percent this year while the defi hacks and thefts exploded in 2020 according to reports from ciphertrace that we have in our crypto news. In 2019, a crypto crime like hacks, fraud, and thefts reached 4. 5 billion according to the data that we have in our news by forensics company ciphertrace which shows that the number for this year dropped to 1.
ChainLink (LINK) To Grow the Size of Derivatives Market ...
sergey nazarov expressed that while defi is just getting started, with only 2. 4 (16bn) of crypto assets (660bn) secured by defi protocols. 5tn) as collateral for defi, is also a very large opportunity.
the industry boomed in 2020 during the defi summer where the total value locked (tvl) in defi smart contracts rose sharply from a few hundred million dollars to more than us 20 billion in a.