DeFi: the value of decentralised finance rises further
Defi

DeFi: the value of decentralised finance rises further

By Alfredo de Candia - 15 Oct 2019

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As DeFi Pulse announced recently, today decentralised finance has reached a value of 3 million ETH used on the Ethereum blockchain.

From the graph it is clear that the use of decentralised finance (DeFi) has been increasing steadily and inexorably: in recent months alone, from August to October 2019, it recorded and locked a value of just under 1 million ETH, a very important milestone for this sector.

The lion’s share of this DeFi ranking is taken by Ethereum (ETH) where most of the projects, led by Maker, carry on the banner of decentralised finance.

If, however, the bitcoin blockchain (BTC) is considered, there is an opposite trend: in the same period of time (90 days), investments have decreased and, in the first place, there’s Lightning Network (LN) with a volume of 820 BTC.

Defi value

Finally, when looking at the total DAI locked in this sector, it amounts to 21.5 million. Towards July alone, it recorded a minimum of about 7.5 million, so the result tripled in just 90 days.

When analysing the positive trend of the sector, it is clear that it is only a matter of time and 9 zero figures are not so far away, precisely because the potential of DeFi can be applied in different sectors such as lending, payments, derivatives and assets of various kinds. 

Defi value

It should be remembered that it is only since 2017 that these types of products and services exist, so in just 2 years DeFi has recorded ever-greater growth with relatively small declines, only to rise again.

More and more blockchain companies, in fact, are trying to take advantage of the growing interest in DeFi, including Eidoo, which has recently integrated Compound and DAI so as to allow users earn up to 8% interest.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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