Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article I will tell you about "The Latest Situation in DEFI". Experiencing the NFT craze in the markets has increased the interest in NFT projects, it seems that DEFI projects have taken the second plan… Is that true?
Let's Start...
Source by Defi Llama
As of now, the amount of locked assets in DEFI projects is $ 78.52b. There are 139 large DEFI projects in the system. These are in 122 Ethereum, 6 BINANCE Smart Chain, 11 other networks.
Here are 6 Multi-Chain projects that grab my attention. These are very new and their volume is currently small. But the nice thing is that they serve everyone independently of the network. Autofarm, Fantom, Kava, Hard Protocol, Fuse, FinNexus
Locked out amount of Ethereum Source by DefiPulse
Locked out amount of Bitcoin Source by DefiPulse
Locked out amount of Binance Coin Source by Defistation
While the top 10 of the DEFI markets were only Ethereum-based projects until 3 months ago, there are now 2 Binance Smart Chain-based DEFI projects. PancakeSwap and Venus Binance are in the top two in Smart Chain.
In particular, the increase in transaction fees in the Ethereum network has led to increased interest in the Binance Smart Chain network. Although Ethereum seems to be the backbone of the DEFI system, if there is no serious development in this regard after the update next July, negative bells will start to ring for Ethereum.
My friends, blockchain technology and its product, cryptocurrencies, enter all areas of life. Although DEFI projects are ignored from time to time according to market conditions, they are at the center of the cryptocurrency markets. The size of locked assets is increasing every hour. How will there be DEFI projects on blockchain in the financial system of the future, instead of financial institutions, Banks, Credit institutions in the current order. Never forget this…
The important thing is to make transactions in DEFI projects where you will not risk your cryptocurrencies, reliable, fast, alternative, minimum cost, maximum profit. The increase of DEFI projects in networks such as Bitcoin, Ethereum, Binance Smart Chain, Neo, increases competition.
As I always said, listen to everyone, decide for yourself ...
I'm looking forward to your comments. Thanks to your comments, we can shape my next articles together. Let's stay in touch… Take care of yourself so that you and the people around you are happy…
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