Although the cryptocurrency market has faced many bearish pressures in the past few months, the number of lines of code required by Solidity with Ethereum is much less than that of decentralized finance.
Avalanche This is a smart contract DeFi In the past year or so, the platform has become famous among digital currency customers, especially in irreplaceable tokens. (NFT) among fans. This project attaches great importance to cross-chain interoperability, which highlights that it has developed a digital bridge to connect it with many blockchain ecosystems, including SushiSwap (SUSHI), Chainlink (LINK) and Graph (GRT).
Since its launch, Avalanche has always positioned itself as a direct competitor of Ethereum, mainly because it can promote cheaper transactions in a few seconds. In order to support a wide range of support, Avalanche recently completed a high-value financing of $230 million.
In the next five years (i.e. to 2028), DeFi plans to make a conservative estimate that the total market size of the DeFi industry will reach 508B, with a cumulative valuation of USD, and a stable CAGR (CAGR) of 43.8%.
That's mainly because the DeFi platform can help eliminate the need for any intermediary - such as brokers and banks - thanks to the use of automated smart contracts, enabling them to manage loans and interest payments completely and automatically.
To sum up, the industry reshuffle in 2022 will inevitably bring new changes to the encryption in 2023. One of the concerns is the "transformation", which is that DeFi has once again burst into your eyes, and has emerged in an endless stream recently. DeFi protocol and related research and analysis; Most people in the circle are very optimistic about the next cycle. DeFi runway; DeFiSummer may make a comeback.