Friday, March 31

3 Things The Crypto Industry Must Offer To Truly Go Mainstream With TradFi By Cointelegraph

©Reuters. 3 things the crypto industry must offer to truly go mainstream with TradFi

In the past year, we have seen the crypto economy undergo exponential expansion as mounds of money have poured into various cryptocurrencies, decentralized finance (DeFi), non-fungible tokens (NFTs), crypto indices, insurance products, and options markets. decentralized.

Total value locked (TVL) in the DeFi sector across all chains has grown from $18 billion in early 2021 to $240 billion in January 2022. With so much liquidity in the ecosystem, the cryptocurrency lending space has also grown a significant amount, from $60 million in early 2021 to more than $400 million in January 2022.

Despite the exponential growth and innovation in DeFi products, the cryptocurrency lending market remains limited solely to token-backed lending, i.e. pledging a cryptocurrency as collateral to borrow another cryptocurrency.

Read the full article on Cointelegraph

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