Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Decentralized Finance
Charlie Lee Airs His Skepticism with Regards to DeFi
The creation of Defi is primarily focused on providing a platform that runs on blockchain and is independent of other external centralized institutions. Mainly Defi platforms are supposed to be completely decentralized, and they help complete serious tasks by leveraging smart contracts. According to Charlie Lee, the creator of Litecoin (LTC), however, there is a high chance that centralized networks can be linked with a significant portion of Defi. Mr. Charlie suggested that it's vital for Defi to have a…
5 years ago
The Ultimate Beginner’s Guide to Decentralized Finance or DeFi
DeFi, short for decentralized finance, is the latest hot trend in the crypto industry, and rightly so. An emerging market that surged from $1 billion to $40 billion in less than three years cannot go unnoticed for too long. As you read this beginner's guide to DeFi, the sector is adding more protocols, increasing value, and becoming an even more formidable rival to the traditional finance system. It may be too early to bet your bottom dollar on it, but…
5 years ago