Happy Tuesday, Blockfolians
DeFi has reached yet another big milestone - $2B locked up in DeFi applications. This comes just 5 months after the psychological barrier of $1B was broken.
Interestingly, Compound has pushed past MakerDAO to account for the largest part of that $2B.
Impressive as this is, it isn’t the only evidence of the growing attention around DeFi. DeFi lockup tracking site DeFiPulse is seeing major growth as well.
Are we all just yield farmers now? Certainly seems that way.
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Highly Relevant Reading
Binance acquires crypto debit card company Swipe
Eeeeeeep, bitcoin and ethereum futures volumes fell significantly in June
Chainalysis extends Series B with fresh $13M and ex-regulators on the board
Iran has notified crypto miners they have one month to register with the government
Speaking of DeFi, this very new way to do non-collateralized DeFi lending has many tongues wagging
Not interested in letting DeFi have all the fun, bitcoin is posting a new all time high hashrate!
A Really Big Number We Should Be Paying Attention To
That’s the amount of Bitcoin that moved to Ethereum last month, with the majority coming in the form of Wrapped Bitcoin.
This is some serious 2017 crap right here.