The growth of decentralized finance may be choking other types of transactions in the Ethereum network. As the DeFi sector is highly reliant on Ethereum, this means a lot for both the blockchain network and the very near future of decentralized finance.
The Black Thursday shook the entire DeFi sector along with the wider crypto-industry. This time, DeFi wasn’t the much-needed salvation, despite its relative successes over the past couple years. Yet, the crisis brought up the significant potential of decentralized finance, when compared to its traditional counterpart.
The market crash of March 12th presented the DeFi sector with a real trial. Even the DeFi flagship MakerDAO couldn’t withstand the crisis losing $8 million to unscrupulous network participants during what is now known as Black Thursday. Yet, it’s not the only recent problem of the DeFi sector.
How much more do banks earn from investments than their clients? Do they screw poor people over? Is DeFi a viable alternative system for banking? How can we entice more users to join DeFi systems? What business models allow private funds working with DeFi to become a bridge to the world of cryptocurrencies for the […]
These days, new streaming services pop up like forest mushrooms after a warm summer rain. The contagious example of Netflix prompted others to run their own media empires. There are now streaming services by Amazon, Disney, Apple, NFL, and CBS. In music, there are Spotify, Apple Music, and Google Music. It seems everyone is trying […]
Lending is named the most profitable sector of the crypto-industry by return on investment. The niche keeps attracting capital and is expected to grow further in 2020. Akin to DeFi in general, the niche holds a lot of promise, but there is the other side to consider.
Digix, the project behind the first gold-backed stablecoin, stood at the inception of the modern asset-backed token model. Being one of the older and most successful projects within the Ethereum ecosystem, it was also one of the precious few that managed to build and maintain a robust DAO infrastructure. Which is, as of recently, a […]
According to DeFi Pulse, last week, the total dollar worth of funds locked in Ethereum-powered DeFi projects passed the $1 billion mark. Currently, the Total Value Locked metric is $1.04 billion.
Some people in the crypto-community expect mass adoption to come with big players from traditional markets. Some see it coming along the growing set of real use cases for crypto, certain regulatory initiatives, or particularly ambitious projects.
Let’s face it: crypto adoption has been going down for quite some time. There are fewer and fewer merchants accepting Bitcoin, let alone other cryptocurrencies. This is a bit surprising, given that many issues hampering adoption in the early days have been sorted out: user interfaces got a lot safer and friendlier, major cryptocurrencies are […]