Binance research released a report on Defi, Dex gains 90% user traction

[S.coastapps]

As of late, Binance Research Institute and Dapp Review had mutually discharged the 2020 DeFi Trends Research Report. According to the report, DeFi has been progressively significant in Ethereum. The normal month to month utilization of DeFi as dependent on Ethereum has arrived at more than 40,000.

Practically 90% of this is a decentralized Exchange DEX in which the quantity of DeFi dynamic undertakings had about multiplied in 2019, as an ever-increasing number of engineers continued giving new items and administrations.

Source: TheCoinRepublic

[alstevenson]

Yes, we are going on decentralized finance trend. Most centralized exchanges create a decentralized exchange because they knew that dex is more secured cex. Defi is taking all over the space and no doubt that it increases the defi in the industry as the time goes by.

[masterrex]

Decentralized Finance or (Defi) is very attractive nowadays because of its innovative approach of the current financial problems and related services around the world, for me Dex is a game changer because of its security and hassle free exchange services compare to the traditional CEX. as we notice currently DEX was sprouting like a mushroom from anywhere else in the world and ready to provide a secure and hassle free kind of service.

[aiviaa485]

I need something valuable from this news, which is good news for all cryptocurrency and this is definitely the case that happened to DeFi, as written by the owner of this thread.
I believe that 90% profit is the right path for DeFi's progress and maybe Binance will provide something of value in the future for DeFi. LOL

[Cutter Cute]

Ethereum is a Dapps platform that has many users, almost every new project uses the ethereum platform, DEX exchange users begin to feel comfortable when they trade, traders will buy at a certain price on the DEX exchange and sell it on a centralized exchange. DEX will always be an option, therefore, there are many new DEX Exchange projects in 2019