Ethereum leads with 96% of all DeFi transactions as Tron, EOS, and NEO show promiseBTC $11,403 (-1.3%) • ETH $379 (-2.4%) • XRP $0.25 (-0.8%)
Data shows a staggering 96% of all transactions on decentralized finance (DeFi) applications take place on Ethereum, the world’s second-largest blockchain network by market cap. This is despite there being faster and low-fee networks available on the market today, suggesting both developers and participants have yet to fully trust and adopt newer blockchains. DeFi has boomed this year on the back of yield farming and other non-custodial crypto applications like lending and DEX trading. The industry was worth under $600 million at the start of this year but has quickly grown to amass over $11 billion in locked assets. 📈 Trending … DeFi Tokens • Oracle Tokens • Biggest Gainers • Stablecoins More news ⏬Fund manager on why DeFi’s Yearn.finance (YFI) dropped 75% from highsYearn.finance (YFI) has undergone a strong decline over recent weeks after a record-setting rally. According to CryptoSlate market data, the Ethereum-based YFI coin currently trades for $15,800 — a price 65 percent off the all-time high price of $44,000. Here’s why the Bank of England Governor is “very nervous” about BitcoinThe Bank of England Governor, Andrew Bailey, has long been a critic of Bitcoin and crypto, offering scathing remarks in the past regarding the inherent value of digital assets. How Voltaire will bring accountability to funding on CardanoIn his latest YouTube video, Charles Hoskinson, the CEO of IOHK, explained the lengthy process behind ensuring accountability to funding on Cardano. With China’s central bank digital asset gaining steam, Bitcoin is stronger than everBetween decentralized finance (DeFi) shenanigans, Bitcoin being adopted by firms like Square, and more, it’s been hard to track all news going on in this space. Featured event
Virtual Blockchain Conference BlockDown is back for a third edition this Halloween (Oct. 22-23) with a host of the blockchain world’s biggest and brightest stars lined up to deliver ground-breaking keynotes and spark informed and fierce debate on the industry. Whilst the virtual conference space has been saturated in recent months, BlockDown Conference has consistently delivered the best content and is a must for any avid crypto enthusiast. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
If you liked this post from CryptoSlate, why not share it? © 2020 Zenzio Incorporated Unsubscribe
|
