We are witnessing this season's DeFi develop in a different way
- Although the current total TVL is still far from the peak of the previous season (146B$ compared to 230B$ last season)
- But the amount of Stablecoins has reached 250B$ , which is much higher than the peak of 187B$ from the previous season
- And the DEX volume (excluding perp) this season at the moment is already much higher than the peak of the previous season (currently at 14B$/day compared to 8B$/day last season)
*DeFi (Decentralized Finance) is a decentralized financial system, when talking about finance, the easiest visualization is a bank, they accept deposits for interest, conduct buying and selling transactions, transfer money back and forth, lend for interest...
- Here we see that currently DeFi is developing the expected products, stablecoins are gradually becoming an accepted method of payment/transfer, or buying and selling transactions on DEX are being executed more skillfully and accessibly. At this point, DeFi is almost like a financial system with a very large number of real users
- This DEX volume largely comes from @PancakeSwap, which has doubled the daily volume of @Uniswap and has become the number 1 DEX in the current market by volume, primarily developed thanks to Binance's Binance Alpha campaign
- Of course, at the moment, the cash flow is going into "using DeFi products" rather than buying DeFi tokens, so prices have not seen positive changes
- Like the valuation of companies, when a product has many users, the company operates profitably, and has development potential, then one can invest value into it
- But with crypto projects, does the value of the DeFi project correspond to the products? What are your opinions?
