Key Takeaways DeFi tokens have performed extremely well in 2020, with LEND, BNT, LINK, and KNC leading the way. Balancer’s liquidity mining initiative proves that tokens are vital in creating incentives. Governance tokens will grow along with protocols, as they effectively control the direction the protocol takes. There are risks to using governance tokens to…
Key Takeaways Demand for ETH comes from investors who are accumulating and DeFi users who require ETH for transaction fees. The number of unique ETH holders has risen from 35 million to 42 million in 2020. 80% of supply in profit is unsustainable, and a correction may be warranted. Share this article Altcoins have been…
Despite making up more than half of the entire DeFi ecosystem, Maker has made a few enemies along the way. Key Takeaways The Mar. 12 crash revealed many concerns throughout the DeFi space, not just Maker. To stabilize the project, community members were decisive in adding new, more liquid collateral. These new forms of collateral,…
Large institutional investors are coming around to the idea of cryptocurrency, with Fidelity claiming over 36% of American and European funds own cryptocurrencies like Bitcoin and Ether. Is this the beginning of an institutional foray into public ledger cryptocurrencies? Institutionalization of Bitcoin Over a third of large institutional investors in the United States and Europe…
CoinMarketCap pushes top derivative exchanges to the bottom of its rankings. Key Takeaways CoinMarketCap pushed BitMEX to the 175th spot in its exchange rankings. BitMEX was given a liquidity score of 0 – as were Deribit and Bybit. The data provider’s integrity has been called into question after the antics it has pulled since being…
Decentralized finance doesn’t seem so decentralized after all, especially when looking at token concentration. Key Takeaways 90% of the supply for most DeFi tokens is held in less than 10% of addresses. LINK is the least concentrated of the analyzed coins, as the token’s investor base expanded as it experienced price appreciation. MKR’s supply is…
Ethereum’s DeFi is once again at $1 billion of value locked with MakerDAO accounting for over half of this amount. Other notable growth from Aave and Set Protocol continue to bolster DeFi’s value too. DeFi Propelled by Rising Prices As DeFi surges on the tail of improved sentiment in crypto markets, lending protocols and decentralized exchanges…
A recent analysis outlines trends in current markets that make gold and its digital counterpart, Bitcoin, highly attractive assets. Key Takeaways Further deterioration in economic conditions could fuel positive performance for Bitcoin and gold. If the current trend continues, Bloomberg analyst expects $20,000 BTC by the end of the year. The maturation of the Bitcoin…
DeFi protocols have the potential to make finance more accessible and efficient, meaning better rates for the everyday person. Here’s a look at projects laying the foundations of the DeFi movement. Key Takeaways Bitcoin is one of the most important economic innovations of the last century, separating money from state for the first time. Ethereum’s…
Although a global digital currency has been enticing for regulators, Libra has failed to convince they’ll earn the world’s favor. Key Takeaways The announcement of Celo Network earlier this year marked the first true rival for Facebook’s Libra. a16z believes more competitors could emerge, putting stress on Libra, forcing regulators to take action. Libra’s failure…
