Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Altcoin1998$ on June 13, 2021, 03:28:03 PM
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DeFi apps, platforms on non-Ethereum blockchains showed strong growth.
Several key DeFi trends include lending, gaming and gamification, staking, yield farming, and NFTs.
"Ethereum has always been the dominant network but this is really changing in 2021..The decentralized finance (DeFi) sector had a massive 2020, and while non-fungible tokens (NFTs) and the crypto bull market may have overshadowed it so far in 2021, its performance this year has been at least as strong.
Total value locked (TVL) into Ethereum (ETH)-based DeFi platforms hit a peak of USD 86bn on May 12 (per DeFi Pulse data), while TVL for DeFi services on Binance Smart Chain (BSC) rose to USD 53bn two days earlier, highlighting the wild growth the sector experienced during the first half of the year.
Given that the wider crypto market has accelerated its downturn since May 12, TVL has unsurprisingly declined from all-time highs over the past month, yet they still remain significantly higher than where they were six or 12 months ago. At the same time, new platforms and services are being rolled out with growing frequency, with emerging startups and firms looking to capitalize on robust demand for decentralized financial services.source (https://cryptonews.net/800149/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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The currently Criptocurrency According to Sall and West, the Goldfinch protocol harnesses the unique qualities of crypto—specifically its ability to allocate capital quickly and efficiently across borders—and deploys it on a scale far beyond the niche areas of DeFi trading.
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The Defi platform is in a very popular and strong position in the cryptocurrency market. The Defi project was originally operated on the Ethereum platform until early 2021. But in early 2021, high transaction fees on the Ethereum platform resulted in Defi projects being operated on non-Ethereum platforms. Yet the Etherium platform is now at the top. Defi projects run on the BSC platform are far behind. So the Ethereum platform is still at the top and leaving it behind is a matter of time.