DeFi doesn't get all that much attention these days. A vast majority of these platforms have shut down and of course there were countless rug pulls or just really bad tokenomics at play for a vast majority of them. In fact I'm in two that I went pretty heavy in but I wont mention names here lol
The bull run of 2021 saw defi as a major turning point for investments. But even then the market cap was actully pretty low. If you look at a system like DeFiLlama we can see that market caps for these defi platforms is starting to grow.
That number might not seem like a lot yet but it's clear it is on a clear path upwards. It's also important to note that this no longer accounts for all of DeFi and some of the new liquid staking methods are not counted into this figure anymore. There's actully parts of DeFi that DefiLlama doesn't track. I mean you can even take hive for instance as not being counted into this would would add a few million to it maybe.
The leaders of the pack are those that have focused into core areas of Stable coins, Liquid staking tokens for Ethereum for the most part. But as you can see DeFi has for sure expanded from where it once was.
Before it was simply pairing tokens with each other, which then expanded into stable coin pairings and some lending. But today we now have Liquid Staking Tokens, Lending, Restaking, Dexes, Services, Ai and more! It's clear that the defi space is growing and there's going to be major players at the top. For myself I'm mainly in back on number 15 Pancake swap but it's still been chugging away nicely.
Uniswap Big Changes
Uniswap recently exploded today with some rather big news that came out.
In a recent vote and proposal change UNI token is now itching to change the governance system by rewarding those who stake and delegate their UNI tokens.
This proposal makes sense as those investing and holding the UNI token are clearly wanting for the success of the platform as well as contributing towards the success of it through liquidity and via holding the token to vote. To me it clearly makes sense that those holding on to this token should be rewarded and it does seem like a direction in which many platforms are starting to wake up to.
It seems very clear that both Dex and DeFi will become more standard in this next bull run due to the fact of most centralized exchanges being shut down or driving out of the USA.
What DeFi platforms are you currently using and why? Let me know in the comments.
Posted Using InLeo Alpha
