DeFi Is Starting To Rapidly Expand Again
.jpg)
DeFi Is Starting To Rapidly Expand Again
A feeling I had a few years back was that the next bull run would heavily focus in on DeFi. However DeFi had and still has a lot to overcome. Rug pulls, hacks and just general limitations have caused a mess of things and crypto, blockchain and defi can do better!
At the hight of the all bull market defi exploded for the first time ever ushering in 170 billion dollars worth of total value locked TVL. However since then it's hit a new base line and just stagnated around the high 40's and scratching at 50 billion 3x smaller than what it once was.
*Image pulled from DeFiLlama
Now this little blip might not seem like much a 3% gain overall in the last 24 hours however it's actully a good amount and we are seeing a steady progression higher. In fact there's a lot of new news coming out of DeFi which is paving the foundations of the next bull run and that capital is starting to drastically grown.
Personally I feel like stables might be extremely limited or removed from defi in the future or at least a stable coin based on other assets instead of the USD. I feel like this is a massive mistake on the part of the USA but those few at the top there's no talking to an only counteractions matter.
Pancake Swap
Pancake swap ushered in a new large phase of what is taking place right now. While Pancake swap was once limited to just BSC the Binance Smart Chain it recently expanded its reach to include Ethereum and I suspect it's only a matter of time before it takes on a few other large powerhouse blockchains like Polygon.
Uniswap is also starting to lead the charge in this area. Just today the DAO approved the proposal to deploy v3 on to the Polygon network with zkEVM!
Hive
Hive is a small little beast which has the ability to become a major powerhouse. However the amount of demand for hive right now is rather on the low end and it's why we don't really see prices move all that much and stay on the upper end. That will change over time as more applications and use cases come online as demand grows to hold and use this token.
However for now it does usher in huge rewards via CubDefi in which HBD gets hit pretty heavy. You can also claim up LEO tokens which will most likely start to increase in value and demand come next month. This defi platform is one of the first ever blends between hive and Binance smart chain.
Another large player in this space that might increase as well is the game Splinterlands where SPS governance tokens and DEC can be swapped and traded over the binance smart chain and links into hive.
These constant blends between blockchains are going to pave the future of DeFi and even GameFi as we move into a more robust bull market across the board.
I suspect a decent amount of that demand will come through trading on gaming platforms.
Posted Using LeoFinance Beta
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
If DeFi is charging its engines, it means that we are in a bull market. I know that DeFi is doing well in such times and that's a sign of positive times to come. My DeFi tokens are still way behind the price of the investment, thus probably it will take quite a bit to retrace the previous levels at least.
Posted Using LeoFinance Beta
DeFi has some limitations to overcome but it's good to know that developments keeps happening and there's a gearing for expansions. I believe more offerings apart from trading will help increase the TVL to new heights.
DeFi platforms have realized that limiting their platforms to one chain is just going to limit its utility. Pancakeswap allows Solana and Aptos I think.
Its like the movie Everyehwere, everything all at once, at times around here. So much going on. I am starting to stack SPS, after stacking a fair amount of Leo token. I had sold a fair amount of HIve, or swapped it into Leo token earlier, but now I will start accumulating that also, along with HBD. My short term goal is 1000 HBD, and I just cracked 100 HBD and I am on my way to 200. I wish to start a stream of income from saved HBD, to buy more SPS. I think SPS is a future coin, as I think the Splinterlands economu ecosystem has great potential.
I wish I bought land when it was cheap.
Posted Using LeoFinance Beta
I noticed this paragraph:
Please elaborate on what this means in terms of what opportunities are available on PanCakeSwap now in regards to the Ethereum blockchain.
Thank you
Posted Using LeoFinance Beta
Mainly for right now you have a few new pools to work with and the ability to do swaps in ETH - https://pancakeswap.finance/info/token/0x2170Ed0880ac9A755fd29B2688956BD959F933F8
I see, thank you.
Posted Using LeoFinance Beta