DeFi is Developing: What Is in the Future of Decentralized Finance?

DeFi seems to be accelerating the next generation of crypto innovation. Only in 2021 DeFi it seems that its ecosystem has grown more than 20 times. A recent report shared by Chainalysis states that nine of the 25 largest cryptocurrency trading platforms by trading volume now offer DeFi protocols.. Among these platforms are dec Uniswap, dydx and The Compound he’s taking the lead.

The Opportunities Offered by DEFI

DeFi continues to excite the entire cryptocurrency ecosystem. Chainalysis’ report reveals that the great interest in DEFI is due to many reasons, not just a single use case.

In addition, IOHK CEO Hoskinson had previously stated in october interview that the adoption of DEFI would need two catalysts and “First of all, you should have a Dapp store. Secondly, we need to start thinking about the cross-chain at DEFI.” he had used his words.

On the other hand, according to the report, DeFi focused on the new types of money behind corporate interest and made use cases such as lending available to its users. At this point, it is stated that lending will be the next logical step in lending’s search for cryptocurrency investment gains.

How Will DeFi Growth Continue?

Chainalysis had previously claimed that major investors were behind the increased adoption of DEFI. In addition, according to recent estimates, DeFi may see an inflow of $ 1 trillion from institutional investors in the coming years.

However, the report also pointed to an interesting point: Large investors DeFi activitywhile driving growth, the United States is leading the way in individual-scale fashion show transactions.

DEC June July 2020 and June 2021, North Americans sent about $276 billion worth of crypto money to DeFi platforms, the study said. Central, Northern and Western Europe (CNWE) peaked with $389 million in the same period.

In addition, the Octoberi event is also reportedly overshadowing other central services. According to a recent World Economic Forum study, assets locked into DeFi smart contracts have grown 18-fold in just one year.