Topic: Overview on DeFi. - page 4. (Read 1281 times)
Not to be a total killjoy here, but is it just me or is it like "DeFi" is the 2020 version of the "blockchain technology" hype? Most of the "DeFi" platforms simply has some serious flaws for them to work well in the long term. Yea I seem like a total snob but I'm still not convinced that anything but bitcoin will work for now.
The crypto industry has many hot trends in the last decades: Privacy coins, mixing services, ICOs, staking/ masternode coins, cold-staking, IEOs, and now we have a DeFi trend. It is interesting to see its appearance.
As a basic rule, a new trend brings both opportunities and risks to investors. Only investors who are knowledgeable and readily to learn as well as have ability to control their investing activities can win and earn profits from their capital. Most of them end with losses, indeed.
Let's begin with some articles on DeFi
What is DeFi?
Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks. [1]
[1] https://academy.binance.com/blockchain/the-complete-beginners-guide-to-decentralized-finance-defi
[2] https://blockgeeks.com/guides/demystifying-defi-ultimate-guide/
[3] https://www.exodus.io/blog/what-is-defi/
[4] https://blog.coinbase.com/a-beginners-guide-to-decentralized-finance-defi-574c68ff43c4
[5] https://www.coindesk.com/everything-you-ever-wanted-to-know-about-the-defi-flash-loan-attack
[6] https://defiwiki.org/wiki/Main_Page
There are some websites on which you can track DeFi's protocols, tokens, and dapps. Let's take a quick overview on some of them.
[1] defimarketcap.io
On the site, at its home page, you can see overal statistics for total tokens, total DeFi-marketcap.
- Tokens: 685
- Market Cap: $5,047,884,336
If you click on All protocol, besides the Search box, you will be directed to the page: https://defimarketcap.io/protocols
The site has its weakness: Does not have feature to help sorting out tokens by each indicator (change (24h) for example)
[2] dapp.com
You can visit three main pages: ranking, market and community.
Ranking
https://www.dapp.com/ranking
There are options to sort out : 24hr users, 24hr transactions, 24hr volume, Dapps.com score - I don't recommend it because it is subjective ranking score.
You can also sort those DeFi tokens out by categories: Game, Gambling, Exchange, Finance, Social, etc.
Furthermore, options to choose different periods: 24 hours, 7 days, 30 days; All, New, Token. Please see the image below for visual clarifications.
Market
https://www.dapp.com/market
The site gives you some nice graphics for Overview, Market dominance by category, Market dominance by blokchain.
Community
https://www.dapp.com/community
You can get news, bounties, promotions, giveaways, anniversary, etc.
[3] analytics.dapp.review
Overview
Comparison of chains
Graphs for chosen chain
You can choose one chain, and get some overview graphs of dapps on that chain with 7 days or 30 days period.
In addition, you can see dapp rankings, by Users 24h or Volume 24h.
Visit its explorer page for more details. Remember that you can modify it with many options: New, Card/ Table, Indicators (24h users, 24h volume, 24h Tx, 7D users, 7D volume, 7D Tx, Balance, Score); sort them by categories: All, Game, Social, Casino, Finance, Exchange, etc., and by Chains.
[4] defipulse.com
There are options for you to modify the table: All, Lending, Dexes, Derivatives, Payments, Asssets.
They have pages for: DeFi list and Token list
[5] dappradar.com
The site gives you overview over categories, chains, Editors picks, DeFi picks, and Recommended dapps
As a basic rule, a new trend brings both opportunities and risks to investors. Only investors who are knowledgeable and readily to learn as well as have ability to control their investing activities can win and earn profits from their capital. Most of them end with losses, indeed.
if you compare the times when tether growth peaked with the altcoin market pump and dump periods you can see that the major rises were:
1. 2017 mass altcoin pump when every single altcoin even the long dead ones worth less than 1 satoshi got pumped
2. 2017 ICO mania where thousands of ICO were being created every month or so
3. 2018-2019 mass altcoin dump which was the reverse of #1
4. 2018 mass ICO death which was reverse of #2
interestingly enough tether was added to ethereum network to exactly be used for pump and dumping ICO tokens during the ICO mania by the end of 2017 and grow a lot during the ICO death spiral next 2 years.
1. 2017 mass altcoin pump when every single altcoin even the long dead ones worth less than 1 satoshi got pumped
2. 2017 ICO mania where thousands of ICO were being created every month or so
3. 2018-2019 mass altcoin dump which was the reverse of #1
4. 2018 mass ICO death which was reverse of #2
interestingly enough tether was added to ethereum network to exactly be used for pump and dumping ICO tokens during the ICO mania by the end of 2017 and grow a lot during the ICO death spiral next 2 years.
Let's begin with some articles on DeFi
What is DeFi?
Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks. [1]
[1] https://academy.binance.com/blockchain/the-complete-beginners-guide-to-decentralized-finance-defi
[2] https://blockgeeks.com/guides/demystifying-defi-ultimate-guide/
[3] https://www.exodus.io/blog/what-is-defi/
[4] https://blog.coinbase.com/a-beginners-guide-to-decentralized-finance-defi-574c68ff43c4
[5] https://www.coindesk.com/everything-you-ever-wanted-to-know-about-the-defi-flash-loan-attack
[6] https://defiwiki.org/wiki/Main_Page
There are some websites on which you can track DeFi's protocols, tokens, and dapps. Let's take a quick overview on some of them.
[1] defimarketcap.io
On the site, at its home page, you can see overal statistics for total tokens, total DeFi-marketcap.
- Tokens: 685
- Market Cap: $5,047,884,336
[2] dapp.com
You can visit three main pages: ranking, market and community.
Ranking
https://www.dapp.com/ranking
You can also sort those DeFi tokens out by categories: Game, Gambling, Exchange, Finance, Social, etc.
Furthermore, options to choose different periods: 24 hours, 7 days, 30 days; All, New, Token. Please see the image below for visual clarifications.
Market
https://www.dapp.com/market
The site gives you some nice graphics for Overview, Market dominance by category, Market dominance by blokchain.
Community
https://www.dapp.com/community
You can get news, bounties, promotions, giveaways, anniversary, etc.
[3] analytics.dapp.review
Overview
Comparison of chains
Graphs for chosen chain
You can choose one chain, and get some overview graphs of dapps on that chain with 7 days or 30 days period.
In addition, you can see dapp rankings, by Users 24h or Volume 24h.
Visit its explorer page for more details. Remember that you can modify it with many options: New, Card/ Table, Indicators (24h users, 24h volume, 24h Tx, 7D users, 7D volume, 7D Tx, Balance, Score); sort them by categories: All, Game, Social, Casino, Finance, Exchange, etc., and by Chains.
[4] defipulse.com
There are options for you to modify the table: All, Lending, Dexes, Derivatives, Payments, Asssets.
[5] dappradar.com
The site gives you overview over categories, chains, Editors picks, DeFi picks, and Recommended dapps
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