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Justin Mart, Ryan Yi from Coinbase take a Closer Look at Ethereum, DeFi Growth, Also Review OCC, FinCEN Developments
Digital asset exchange
Coinbase recently published its
Around the Block #11: “A snapshot of decentralized finance (DeFi) and two sides of the crypto regulatory spectrum” (report), which aims to cover important issues in the crypto and blockchain industry.
In this latest edition, released on February 3, 2021, Justin Mart and Ryan Yi take a close look at the current state of DeFi and the evolving digital currency regulatory space.
During the current crypto bull market, DeFi has “continued its strong rise,” the report confirmed. It pointed out that starting in the summer of last year, DeFi initiatives experienced dramatic growth in Total Value Locked or TVL (as tracked by DeFi Pulse and many other sites).
DeFi Giant Aave Records New ATH amid Increasing DeFi Sentiments
Feb 5 2021 · 13:05 UTC | Updated
Feb 5 2021 · 13:15 by Benjamin Godfrey · 3 min read
Photo: Depositphotos
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Through the latest surge in the price of the DeFi giant Aave, the Total Value Locked (TVL) has also increased in a corresponding manner.
Decentralized Finance (DeFi) lending giant Aave has recorded a new milestone as its price soared to a new all-time high on Thursday. According to CoinMarketCap, the DeFi token soared to $506.81 after seeing immense buying activity from enthralled investors. For a token that is less than a year old, Aave has positioned itself as one of the best performing DeFi tokens to date.
Two Main Reasons for HSBT Hits a Record High
NEW YORK, NY / ACCESSWIRE / February 1, 2021 / Cryptocurrency assets $HSBT temporarily surpassed $1,000 on the LATOKEN Exchange on the 5th, Jan. It hits a record high since its listing.
Reason 1 - Halving
HSBT Mining has a different halving from Bitcoin and reaches once every six months. Bitcoin reached its halving in May 2020 and hit a new high. Theoretically, HSBT is expected to grow 8 times faster than Bitcoin. Once you participate in HSBT Mining, you can continually mine for 5 years and receive daily mining rewards. Besides, With each halving, the amount of HSBT being mined decreases. HSBT is similar to Bitcoin, the maximum number of issues is fixed, and the supply decreases significantly with each halving. If the demand continually surpasses the supply, there will be a remarkable inflow of loose monetary funds into the stock market. After listed companies and institutional investors enter the market, they will surely boost the
1INCH price rallies 30% as its monthly DEX volume nears $6 billion The total value locked in 1inch is closing in on $1 billion, and the decentralized exchange aggregator has processed nearly $6 billion this month. 11137 Total views Altcoin Watch
This week the total value locked in decentralized finance platforms reached a new high at $26.2 billion, and this record high was achieved even as Bitcoin (BTC) price appeared to be slipping into a downtrend.
This asymmetrical performance from DeFi tokens suggests the sector has staying power and the ecosystem built up around DeFi platforms is likely to have a far-reaching impact that may even alter the way traditional finance operates.
What a year 2020 has been for the crypto world. Most of the major cryptocurrencies, barring a few, achieved all-time-high prices. It includes the likes of Bitcoin and Ethereum. But there s one segment of the crypto world that made the most out of 2020. Yes, we are talking about decentralized finance, popularly referred to as DeFi.
The growth of DeFi in 2020 was such that many call 2020 to be the year of DeFi. Let s have a look at some of the statistics that depict how DeFi made its presence felt in the world of cryptocurrencies. The DeFi sector is quantified in terms of the total amount of value locked in all DeFi protocols. This figure is known as Total Value Locked or TVL.