2020 DeFi Industry Research Report

2020 DeFi Industry Research Report | TokenInsight

Summary and Outlook

The Rise of DeFi in Q3

Automated Market Maker (AMM) took the lead and drove the total trading volume of Decentralized Exchange (DEX) to $47 billion. Uniswap has shown a dominant place with QoQ growth in trading volume reached 2000%, presenting competitive trading activeness compared to some top centralized exchanges.

DAI remained as the most needed stablecoin in the DeFi space, and with a growth of over 500%, its issuance volume has surpassed BUSD and PAX. yearn.finance rose to fame and YFI became the most expensive cryptocurrency in just two weeks.

Forks and experimental projects named after food quickly drew much attention, attracting abundant liquidity while becoming highly controversial.

The transfer of Bitcoin to Ethereum continued, and the demand for WBTC stayed high with a total issuance volume surpassed 100 thousand. The derivatives market saw more diversification and contributed to forming the entire cryptocurrency financial ecosystem.

The Downturn in Oct

October has seen the stagnation of TVL increase, the drop in DEX trading volume, and the fall of the price of DeFi assets.

Institutions accelerated the investment and expanded the layout in mainstream digital assets such as Bitcoin and Ethereum. Problems in the DeFi space including unsatisfying user experience and high transaction fees remained unsolved, making it difficult to realize a wider adoption when compared to the centralized competitors.

DeFi from June to October seemed to experience a life cycle where the rise was followed by a fall. However, the end of the cycle is not the end of DeFi, and with the summer craze and all the “noises” going away, the whole industry is ready to start a healthy consolidation in the long run.

Outlook

2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight
2020 DeFi Industry Research Report | TokenInsight

About TokenInsight

Founded in 2017, TokenInsight is a Leading Data & Tech Driven Blockchain Financial Institution. TokenInsight pioneered a complete blockchain industry classification system, covering more than 1,600 projects, releasing more than 300 rating reports, and conducting in-depth studies into 10 major industries.

TokenInsight’s data, ratings, and research reports have access to more than 70 data platforms worldwide, including Messari, Delta, Binance Info, AICoin, Huobi Info, etc., with a monthly PV of over 30 million. TokenInsight has officially joined the Data Accountability and Transparency Alliance (DATA), initiated by cryptocurrency ranking site CoinMarketCap.

If you like our research, please follow us on:

📌Official LinkedIn page: https://www.linkedin.com/company/tokeninsight/

🔎Telegram: https://t.me/TokenInsightOfficial

🗺Twitter: https://www.twitter.com/tokenInsight

📕Reddit: https://www.reddit.com/r/TokenInsight/

Leading Data&Tech-driven Blockchain Financial Institution.