The human projection of an unlikely ideal world that materializes under an idea full of motivations, experiences and other feelings, make them build and define themselves under the concept of utopia.
But it seems that this concept does not apply to Decentralized Finance (DeFi) that is showing its face in this market correction, which has undoubtedly put more than one on the floor when seeing how Bitcoin (BTC) registered values again below $ 10,000.
For speculators, only time to enter; difficult to see scenario for investors; For researchers, it is time to evaluate other alternatives and diversify the portfolio. This will undoubtedly not be the last scenario to be seen again with these numbers.
The drop in our digital reserve has led us to think and even trace a correlation of increase in DeFi's, and there are actually numbers that could support this way of thinking. Let's see clearly some points.
Registration of the total values locked (TVL) of $ 8,893B only just beginning the month of September; Even with a slight decline, it continues to register more than 30% growth compared to August 2020.
Uniswap - let's say this decentralized exchange is trending and competing with weights the size of Binance. The increase in investment in this space is conducive for us to begin to think that we want total freedom and distance from the institutions that can still manipulate the holding of our cryptocurrencies.
LINK, XTZ, BALD, AMPLEFORTH, COMP, DAI, like many other tokens have increased their capitalization and the use of these assets within the ecosystem, mostly Etherium, has led to a refreshing and understanding of the use of these. alternatives, away from the shadow of BTC.
The harvest of TRON and its position against the mining of SUM as part of the cover letter for a complete and frontal competition with Etherium in having a DeFi ecosystem for the future of cryptocurrencies.
The truth is that this is just beginning and has the mark of being anti-establishment; With these stock market falls they turn out to be more than one way, they are a materialized response of the genius of the cryptographic world.
Of course, not all that glitters is gold; the explosion of this DeFi market has detected a collapse in the Etherium ecosystem and, under the excessive gas commissions, has led the network to the roads of great congestion. Corrections and solutions are already in sight that will alleviate and reverse this situation; Less congestion means less fees.
The truth is that I think we should start to get used to receiving new news from the Defis; Its dynamism and originality begin to overshadow many and that, like you and me, we are here to be part of that change that is coming.
This article can also be read on my Publish0x blog under the following link.
https://www.publish0x.com/cryptographic-alchemy/financial-digital-utopia-xoldkxm
