De-Fi, next gen Crypto Evolution....
People want Freedom!
Crypto has finally shown the freedom that people seek with their finance. The way crypto market has evolved is definitely the living proof of that. Current crypto market has a market capital of 1.5 TRILLION Dollar. Which is an ATH for it and it keeps on growing. The adoption of crypto is getting popular among people and countries. Which shows the recent DE-FI craze within people/investor.
What is Defi/ Decentralized Finance?
Decentralized Finance or DeFi is “a movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries”.
Who likes to be on shackles, for their own money?
I have been getting annoyed at my local banks for several reasons. Most of them are not able to give proper services as they are supposed to. Which makes the time of their clients waste resources. Time, effort and money. Literally my money but I have to wait for hours to get it out from the vault of the bank. And that even giving my details, my family details and if possible they might even take my 14 ancestors details lol.
You might say, we have been doing this for Eons. Why change now? Well for starters, Time changes and if you can not change with that flow you are going to be left behind. Just imagine the smart phone that you have right now at your palm. It can do the impossible which was not thought few years back. Now with the tech that we have, if we do not update our self we are going to be left behind.
Why De-Fi platforms/tokens?
People have spoken! When you can do whatever you like with your assets, that "freedom" makes every other opportunities look vague. Which actually happened with these Defi platforms.
Crypto currency was with boundaries all these years. Decentralized Finance programs/tech has added a new value to the eco-system of crypto. It literally added an extra toppings to the crypto community. If I am being honest, this was the right time to make the adoption happen. As earlier than this particular period, it would have been a disaster. Proper knowledge at a proper time can be utilized in a right way. DEFI has freed them. We know plenty of people like to be anonymous. Especially in crypto! These opportunity is present in Defi platforms (especially exchanges). Although it does acts like a double edged sword but it is what it is!
What if a Laptop was introduced to people, when a 10 MB harddrive needed 4 people to unload from the company. Just imagine the reaction of people and the end result of it!
Have you noticed the volume,liquidity of UNI-swap?
Yup, it croseed $83b in all time volume. It is somehow crazy compared to the time the adoption has begun. Even though it launched quite some time ago. The fact here is the adoption of these so called Decentralized platforms is the proof of what people actually wants and the use case of these platforms makes them way more valuable than some CEX.
Some of the top Defi coins which are trending atm
It is probably a matter of time when CEX, will face some serious consequences for all the actions that they are taking in the name of security. It is not that far where we will be crypto free from these so called shackles upon our necks, for our own assets.
One of the most important lesson, which I was able to acquired last year, especially in crypto was "Listening"! As odd as it sounds, it has improved my instincts a lot faster than I have expected. By nature, I am an introvert, in addition to this ability, it sure have helped me to improve my knowledge slightly more in this vast sea of crypto world. When you get to figure out where your eyes and ears should be, the outcome increases significantly over the period. Crypto is definitely a place like that. You need to be active and know what is going on. Current news has a significant impact on the market. The volatility makes you stronger, both emotionally and financially! And overall crypto can give you the life which you actually seek! Proven countless times. But like it is said, "Crypto can make/destroy life, depending how you use it".
Images used from Dappradar, Uniswap
Best regards
Rehan
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It's actually 100 billion. Once the fees will be sliced a bit this thing will blow the past volume and the token will skyrocket for sure.
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Pancakeswap crossing it is sure going to make some buzz as of now lol. Can't wait to see what is going to happen with the clash as we speak with two giants ;)
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My bet is on Uniswap
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I am still yet to get into the De-FI craze (still yet to get into anything really). The crypto industry has grown and it is impossible to ignore the flexibility, utility, and innovation it provides. This is the new world order
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The beauty of being in control of your money/finance, once you taste it, there's no way to go back.
Of course it comes with advantages but also with risks. Some we totally forgot and in the world of crypto, without an ounce of forgiveness. I'm talking about owning your wallet and the keys to "open" it.
That will force us to become more responsible, a blessing in disguise ;)
I still believe some people will never be ready for that level of IT proficiency though and some centralised institutions will have a pool of people still "trusting" them with their money.
Fortunately less and less :)
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Don't want to be on that list for sure ;)
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but do you belived that defi is next generation scam coin..
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No one is forcing anyone to buy or sell here ;)
That is the beauty of decentralization. We are our own guardian. DYOR before getting into any crypto!
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Thank you for making this post I shall share on my twitter and face book!
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Sure go ahead. Thanks !!
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https://twitter.com/ChevayoKin/status/1362496997706596353