Most DeFi products are built on Ethereum, but the best performing DeFi assets in Q1 may not be what you think. Decentralized finance (Ethereum.) continues to do exceptionally well in 2021. But the top performing assets so far this year are newcomers—and don’t even run on
On, April 7, 2021, Binance Smart Chain (BSC) officially began trading their signature self-built “Toko Token” (TKO), Indonesia’s first local virtual currency project on Binance Launchpad, the largest virtual currency launchpad worldwide, according to Tokocrypto.
The currency was launched with $0.1 per coin with a total supply of 500 million shares and enables high-speed transactions at low fees. TKO recorded an oversubscription of 201,406 individuals with a total of 10,502,201 BNB at the launch date.
The Alliance’s declared goals and focus are centered around economical aspects of the Free TON DeFi ecosystem: liquidity accumulation, new partner businesses engagement, bringing new projects and products to be built in Free TON blockchain, marketing and promotion, and new development teams support. The Alliance, also, sets a goal to become a security and auditing center of expertise, which is very important in the DeFi field.
As demand for smart contracts climbs, Chainlink’s modular oracle for the Substrate framework aims to power developers and defi applications with trusted off-chain information and pricing data needed to attract projects to Polkadot and Kusama.
As the smart contract revolution continues to gain traction, the fissures and flaws in existing infrastructure that supports these transactional protocols are becoming more apparent. Among the chief issues facing smart contracts, costs and security are the main factors in the spotlight.
IJS Technologies is an award-winning blockchain and fintech solutions provider based in Hong Kong. With a commitment to open source and decentralization, IJS strives to make the digital asset and blockchain ecosystem a safer place for everyone.
IJS’ platform is built using the open-sourced DeFi based concept of token swaps. Their approach focuses on closing some of the loopholes that are found within existing platforms, primarily around the areas of price slippage, liquidity, and governance.
The first quarter of 2021 was an eventful period for the DeFI world. From January 1st to the end of March, the ‘Total Value Locked’ (TVL), the amount of capital that is being stored in DeFi protocols, rose from roughly $16 billion to more than $49 billion.
Simultaneously, a number of DeFi assets have continued to perform incredibly well. According to Data from Messari, at least 74 DeFi assets have increased their value by more than 100% since the beginning of the year. Seven of these assets have increased their value by more than 1000%.
The Cardano ecosystem could see a massive expansion of its on-chain liquidity with the launch of OccamRazer, a decentralized funding platform and liquidity solution specifically built to suit the needs of the network. The platform has the potential to see the success other launchpad solutions have seen this year and drastically improve Cardano’s position on the market.
While the current size and popularity of Cardano don’t make this obvious to those unfamiliar with the project, the network has been notorious for its slow development and bootstrapping process. And while the slow and steady pace is used to secure the network and incentivize good actors, this era of Cardano’s development is slowly coming to an end.
Against the backdrop of the COVID-19 pandemic, the recent growth of the decentralized finance (DeFi) market could change the game for the healthcare industry. Let’s explore several examples.
With regards to medical device financing and leasing, currently, no one is offering a global solution — no government agencies, banks, or insurers. As healthcare systems around the world struggle to cope with the challenges inflicted and exacerbated as a result of COVID-19, it is clear there is a real need to change the process around medical equipment leasing and financing.
To function effectively, society has long depended on people having faith in their institutions. Thanks to the COVID-19 pandemic and wide-ranging failures of leadership, that faith has been tested like never before.
Nowhere is the decline in trust more evident than in the financial services sector. In its 2021 Trust Barometer, Edelman found that only 53% of American respondents said they trusted those in the U.S. to “do what is right” — down 5% from its 2020 survey. You can see this in the battle between Main Street and Wall Street, which played out in January’s GameStop rally. More than just another “short squeeze,” the rally highlighted the fact that many younger investors simply don’t believe in financial institutions.
The rapidly growing trend of decentralized finance – also known as DeFi – is progressively gaining the attention of mainstream media, especially as the seemingly parallel world of cryptocurrencies and the blockchain keeps impacting the real economy and the way people make transactions nowadays.
That said, a big step to keep demystifying decentralized finance involves explaining how this trend can shape the banking sector as we know it. With that particular purpose in mind, the following article aims to explain how DeFi can change banking and whether that means – or not – that financial institutions will cease to exist if the technology is adopted at a global scale.