Ethereum Leads $1,000,000,000 Milestone in Push for Decentralization of Global Finance

Ethereum (ETH) Leads $1,000,000,000 Milestone in Push for Decentralization of Global Finance

“The total value locked in the Ethereum-dominated world of decentralized finance, or DeFi, has reached a major milestone, crossing the one billion-dollar mark.

According to DeFi pulse, the world’s top 10 decentralized finance platforms include a list of Ethereum-based platforms, with one exclusion: the Lightning Network.

  • Maker, an Ethereum-based lending platform
  • Compound, an Ethereum-based lending platform
  • Synthetix, a tokenized trading platform offering exposure to major currencies, commodities, stocks, and indices
  • InstaDApp, a “trustless” smart wallet for DeFi apps
  • Uniswap, an Ethereum-powered protocol for facilitating automated digital token swaps
  • dYdX, an open trading platform for crypto assets
  • bZx, a financial primitive for shorting, leverage, borrowing and lending digital assets
  • Bancor, a standard for converting between different crypto tokens
  • Lightning Network, a layer-two solution for boosting speed and lowering cost of crypto transfers
  • WBTC, a multi-institutional framework for “wrapping tokens” on Ethereum.”

https://dailyhodl.com/2020/02/10/ethereum-eth-leads-1000000000-milestone-in-push-for-decentralization-of-global-finance/

Master Asked on February 10, 2020 in Cryptocurrency.
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