DEFI
What is DeFi?
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Decentralized Finance, DeFi as a concept is to be able to offer almost all the financial services available with legacy and centralized institutions, typically banks, but on the blockchain. Whatever traditional services financial institutions provide can be expected to be offered through DeFi. In short, Defi is blockchain-based financial services that traditional financial services map into, creating new services or derivatives stemming from blockchain's unique features. Although we have had concepts like distributed computing and decentralized computing for decades, DeFi is in fact a new concept and an expansion of the application scope of blockchain as infrastructure.
Crypto Is The "Best Kept Secret in the World," Says Former NYSE President
Former NYSE President Thomas Farley says that crypto is the best-kept secret in the world.
Maker Hits a New All-Time High Close to the $5,000 Mark
Maker has grown nearly eight-fold since the beginning of this year. It hit a record high of $4,995 today, breaking the $4,500 mark in one clean swoop.
KeyFi Announces Native Token Listing on ApeSwap DEX
KeyFi, an AI-Powered DeFi aggregator platform backed by SelfKey Credentials, is listing its native token, KEYFI, on decentralized exchange ApeSwap.Finance.
DeFi and Exchange Tokens Participate in Crypto Bull Run
As the broader market sees a continuous run in price and valuation, DeFi and exchange tokens are also catching up on the growth.
NetCents Technology to Facilitate DeFi Investments on Its Platform
NetCents Technology, a cryptocurrency payments company, has signed an agreement with Vesto to enable decentralized finance (DeFi) protocols to run on its platform.
Ethereum’s All-Time High May Be Influenced by a Drop in ETH Gas Fees
On-chain metrics provider Santiment attributes the current ETH uptrend to a drop in Ethereum’s average fees.
Ethereum Hits New All-Time High as More Participants Join the ETH Bandwagon
Ethereum has soared to a new all-time high of $2,159.30.
DeFi Grows as Total Value Locked Tops $50 Billion
The Total Value Locked in DeFi has topped $50 billion for the very first time, continuing the positive rally started this year.
1INCH Sets New All-Time High as Token Launches on Coinbase Pro
With the decentralized finance boom, many projects have emerged in the DeFi market. 1INCH stands out among them.
What are NFTs?
A non-fungible token (NFT) is a special type of encrypted token that represents unique things such as encrypted art, digital collectibles, and online games.