Will 2022 be the year of DeFi and DAO? Huobi_Research projects a big year for both, but it is much less bullish on Bitcoin.
2021 was a watershed year for crypto, with industry growth reaching new heights. DeFi, nonfungible tokens,, blockchain usage and other factions all had big years. Blockchain technology has also been brought to the forefront via Web3 and the metaverse.
In 2013, the Fed took a similar step, which was followed by a two-year bear market. While the market has changed dramatically and there is far more liquidity and BTC holders, Huobi believes another such move could be on the cards. Despite the gloomy forecast for BTC, Huobi believes that the wider industry will see significant development in other sectors. DeFi is one of these, a market that rose from $19 billion in January 2021 to a high of $250 billion in total value locked at year’s end. We’ll witness DeFi 2.0 enter the scene in 2022, as per the Huobi report.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Understanding DeFi and Its Importance in the Crypto Economy“The aim of DeFi is to create an entirely new financial system, completely independent of the traditional financial economy.” jacksonwoodHQ explains why DeFi is so important to understand in this week’s Crypto for Advisors newsletter:
Read more »
How to Stay Safe in DeFi: Red Flags and Risks You Need to KnowOver $1.3 billion was stolen from DeFi protocols in 2021 through scams and other types of fraudulent activity. Here's how to spot and avoid these risks.
Read more »
Binance DeFi Staking Launches DYDX and AAVE High-Yield Activity with Up to 41.89% APY | Binance SupportFellow Binancians, Binance DeFi Staking launches a new high-yield activity. Stake your DYDX and AAVE starting from 2022-01-21 12:00 PM (UTC) to earn up to 41.89% APY. DeFi Staking Format : First-co...
Read more »
Money on Chain Ecosystem Turns Two, Here's What It Achieved So FarMoney On Chain, the first DeFi products suite on Bitcoin (BTC) blockchain, celebrates second anniversary
Read more »
Solv Protocol Introduces Convertible Vouchers, Changes the Game for DAOsSolv Protocol announces new instruments for noncustodial fundraising suitable for both DeFis and DAOs
Read more »
1inch Protocol Now Available on Avalanche and Gnosis ChainThe DEX aggregator aims to expand its DeFi cross-chain transaction capabilities to new platforms.
Read more »