@BehiverOnNoiseApp
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DeFi joins the Club of TradFi Banks and we are waiting for BCH to step soon in this space! According to data released by DeFi ecosystem tracker DeFiLlama, the DeFi ecosystem has surpassed $100 billion in total value locked (TVL) for the first time. Aside from the impressive 9-digit value, this has rendered it equivalent to the 40th largest United States bank, placing the ecosystem close to notable names such as Deutsche Bank (#38) with $119 billion and Credit Suisse (#35) with $124 billion. Protocols on the Ethereum blockchain play the biggest role in contributing to the majority of DeFi’s TVL, where 14 of the top 20 protocols are native to Ethereum (ETH) and 4 others on the Binance Smart Chain. #Club1Bch
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The DEFI space DEFinitely expanding, growing not just in size, but a lot of new platforms are on the rise. Well I think it's a great sign, although we should be more aware of the shiny offers not to blind...
My personal projection is after the market cycle peak, we'll see the 3rd wave of DeFi within a year. The time in between the two would be the opportunity of a life time. But very few will probably use it