Decentralized Finance is making headlines, and anyone interested in cryptocurrency should be interested in DeFi. While the applications for the emerging technology are still being developed, the potential is huge.
Although still small as compared to the world’s economy, DeFi has seen expeditious growth in 2020. In early June 2020, there was only $3B of crypto collateral locked in the DeFi economy. By July 2020, the number increased $4B and continued to witness impressive growth, hitting $8B on 17 September 2020.
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