How DeFi trading is evolving after a whirlwind 2020
Cointelegraph
Published Dec 30, 2020 04:05AM ET
Updated Dec 31, 2020 06:00AM ET
When the history books are written about cryptocurrency, 2020 will be remembered as the year decentralized finance exploded in popularity.
A powerful illustration of how this young, often misunderstood space has grown comes from DeFi Pulse. At the start of January, the total value locked in DeFi protocols stood at $675 million. Since then, records have continued to be smashed — and at one point in December, this figure hit a staggering $15 billion. That’s a surge of 2,100% in less than 12 months.
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Written By: Cointelegraph
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