A number of cryptocurrencies have been issued by DeFi companies.In 2020, there was an explosion of new centralized and decentralized financial protocols created on Ethereum. This is why my inbox is so full.
Right now, I don’t know what most of this means. But as a retail investor, I am on board with the thousands of others who are all learning day-by-day and are investing in these companies and protocols side-by-side with our traditional E-Trade accounts.Synthetix was $6.11. It’s now $20.41. According to DeFi Pulse, the current market leader in terms of investment money locked in is Danish MakerDAO with over $6 billion invested.
Cohasset, Massachusetts based Sarson Funds, a specialist in blockchain-related investing, said they expect DeFi will continue its “meteoric growth,” CIO Daniyal Inamullah wrote in a“Protocols are continuing to show that there is real demand and a product market fit for DeFi,” Inamullah wrote, adding that they are seeing traditional financial analysis being applied to crypto protocols today.
DeFi is all about a technology that will address inefficiencies in the financial industry in our everyday lives. It's not about getting rich by speculating on whatever value that rises out of nowhere because of FOMO. Money is driving people crazy.