Ethereum (ETH) Worked to Boost DeFi in 2019
Ethereum (ETH) Worked to Boost DeFi in 2019
The (ETH) network kept locking in value in decentralized finance (DeFi) in 2019. The biggest projects still carry the most ETH, locked with Maker and Compound. But the space has expanded with smaller startups.
https://twitter.com/DefiOverview/status/1206440370927628288
The simplest DeFi organization is about payment systems. Even the Lightning Network (LN) is counted in that group, with more than $6.15 million in value carried this year.
The other big trend is crypto derivatives, with Synthetix at the top. Crypto-based derivatives are rather difficult to launch within the standard financial system, but crypto-only organizations offer this type of risk exposure.
Crypto lending is the other b…
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Source: investing.com
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