DeFi boom drives 1200% increase in DApp volume in 2020: Report

[newshunter]

DeFi boom drives 1200% increase in DApp volume in 2020: Report

DeFi projects will form the foundation of the crypto economy in 2021 according to a report by DappRadar.

Source: DeFi boom drives 1200% increase in DApp volume in 2020: Report

Would appreciate your opinion about this

[TomPluz]

I am considering the year 2020 as the year of the DeFi and by 2021 the same kind of excitement will still linger all because this cryptocurrency sector is providing something no other platform can be providing, and I am talking about the opportunity to make more money (or technically speaking more tokens or coins) out of one's digital assets. Hey, are we not greedy? Oh, don't take that negatively please. We have to admit that one driving force why we are here in cryptocurrency is making more and DeFi is really providing that big time. Let's just hope that 2021 will not be that year when many DeFi products can bite the dust as that can be discouraging and really detrimental to this industry's continuous growth.

[Bobcrypto]

Yes, the year 2020 is not only for Defi boom but a year to remember as far as cryptocurrecy market are concerned. Defi actually had a very good season in 2020, and also the entire crytpo market had the best records; bitcoin and some notable altcoins has performed very well. I think this growth will advance to 2021.