Total Value Locked in Harvest Finance Surpasses $1 Billion, Up 366,200% Since September

2020-10-25 19:45

Decentralized platform Harvest Finance that provides users a way to farm assets for the highest yields now has more than a billion dollars in total value locked (TVL), as per DeFi Pulse. A few days back, Wrapped Bitcoin (WBTC) captured third place by overtaking popular DeFi projects Aave, Compound, and Curve Finance.

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How DeFi Should Evolve to Become Global Financial System

The decentralized finance (DeFi) sector has experienced massive growth in the past few months, and the total value locked in DeFi now stays around the $10 billion benchmark, a true milestone. It is also safe to say that there’s room for DeFi to grow even more, as the TVL reached more than $11 billion at […] The post How DeFi Should Evolve to Become Global Financial System appeared first on BeInCrypto.

2020-10-23 16:51


What Are the Main DeFi Use Cases?

Key Takeaways: – Decentralized finance (DeFi) has witnessed staggering growth in 2020.– There is now more than $11 billion locked in Ethereum DeFi platforms and more than 100,000 users. – Open lending platforms, decentralized exchanges, and digital asset staking are among the most common use-cases, but new tools and platforms are emerging regularly.– Though many DeFi […]

2020-10-17 19:10


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Q3 Crypto Volumes up by $155 Billion as Defi Hype Drives DEX Growth by 197%

The latest data from Coingecko shows that the combined trading volumes of cryptocurrency exchanges went up by $155 billion between July and September, from $175. 7 billion to $330. 6 billion. The new total volume represents a 88% increase which Coingecko attributes to the decentralized finance (defi) hype and yield farming frenzy that peaked in August.

2020-10-11 10:30


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Maker Closes in on $2 Billion Collateral, MKR Pumps 17%

Decentralized finance stalwart MakerDAO has been slowly strengthening in terms of collateral locked. This is starting to reflect in MKR token prices which are up 17% on the week. While the recent fervor and focus has been on all the new DeFi offerings that have been appearing on an almost daily basis, Maker has been […] The post Maker Closes in on $2 Billion Collateral, MKR Pumps 17% appeared first on BeInCrypto.

2020-10-1 11:19


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UNI Farming Propels Uniswap to First $2 Billion DeFi Platform

Collateral locked on the Uniswap decentralized exchange has surpassed $2 billion, making it the first decentralized finance (DeFi) platform to reach this milestone. The crypto bears have been held at bay over the weekend, providing some relief for the cryptocurrency markets, while the total value locked across all DeFi protocols is close to its all-time […] The post UNI Farming Propels Uniswap to First $2 Billion DeFi Platform appeared first on BeInCrypto.

2020-9-28 09:27


DeFi’s Explosive Growth Curve Hits Nearly $12B Market Cap, As Yield Farming Frenzy Continues

The decentralized finance (DeFi) ecosystem is blooming as both the total market capitalization and total value locked (TVL) on these platforms, set record highs over the weekend. The market cap of DeFi-based tokens is nearing an impressive $12 billion mark after an explosive 62% weekly increase in Chainlink (LINK) price, which set an all-time high […]

2020-8-10 15:34