Major Events in the Crypto World
The DeFi sector is rising against the trend, with a growth of 29,057,810,388 and an increase of 70%. The TVL of the Berachain ecosystem DeFi protocol has reached 3.15 billion USD, and the 24-hour trading volume of DEX is 98.77 million USD.
The total market value of DeFi concept tokens is 354.192 billion.
So what exactly is DeFi, and how does it differ from traditional financial systems?
DeFi stands for Decentralized Finance and is also known as Open Finance. It refers to decentralized protocols used to build an open financial system, aiming to allow anyone in the world to conduct financial activities anytime and anywhere.
Compared to traditional centralized financial systems, DeFi platforms have three main advantages:
a. Individuals with asset management needs do not need to trust any intermediary; the new trust is rebuilt on machines and code;
b. Anyone has access; no one has central control;
c. All protocols are open source, so anyone can collaborate on building new financial products on the protocol and accelerate financial innovation under network effects.
DeFi is a relatively broad concept, including: currency issuance, currency trading, lending, asset trading, investment, and financing, etc.
This time, the DeFi sector has fully led the rise. First, congratulations to those brothers who made money. For those who missed this opportunity, don't be discouraged. I found a cryptocurrency with significant potential suitable for bottom-fishing and holding, which is expected to double or even increase by 4-5 times if held firmly.
If you are bullish while the market is down, brothers with idle chips might as well leave 888 in the comments section and wait together with me. Uncertainty awaits!
29057810388$AAVE
