Feel the full power of the Defi.
It was the 1st of July 2020 when there were 44 million USD deposited assets in Uniswap liquidity pools, one of the most influential Defi exchanges in the market. At the moment of writing this, 23rd of October 2020, there is 2,95 BILLION dollars in assets. WTF?
Same time all the Defi (decentralized finance), there was 1.9 billion in all the defi space, and at this moment, there 12.49 billion. Growth numbers are colossal beyond comparison. Point being, on the 1st of June, Defi space was meaningless, but today, it cannot be passed unnoticed.
Are these numbers big enough for you to participate? I think you will, yes.
Defi space has grown exponentially this year, and it has become a significant player in the whole crypto market today. The downside of it can be that the gas prices have also grown to an all-time high up to 538 gwei on the 17th of September, now stabilized at around 63 gwei, which still is not cheap. At the beginning of June, it was about 30.
There is no end to this, and why should there be? It is very good for the cryptocurrency world and all crypto minded individuals. The benefits of Defi space exploding like this are numerous. There are exchanges, lending platforms, assets management, derivatives, and much more is coming. Imagination is the limit of the Defi space.
The profit margins of all the Defi platforms are huge at its best. For example, USDC stablecoin interest was over 63 % today, in the percent.finance. Where else you could even…