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Insights From a DeFi Explorer- Part 2
DeFi is a burgeoning finance sector capable of opening tremendous benefits for billions of users. In Part 2, we will look at some of the more popular DeFi platforms and protocols and their respective use and financial metrics.
Imagine you are in a packed football stadium. The home team is winning, and drunk fans are cheering so loudly that many will be forced to whisper the next day. In the crowded stadium holding 100,000 people, 15 fans wear the same jersey. What are the odds of seeing one of those 15 people during the game? The odds are similar to finding someone on the street who uses DeFi.
In a world of 8 billion people, there are probably about 1 million people using DeFi. However, the figure may be even lower as many people have multiple wallets where they can interact with DeFi platforms.
In Insights From A DeFi Explorer- Part 1, I discussed how DeFi evolved from the traditional finance space. It gives users freedom, access, and control of their digital assets. In the future, an unlimited number of applications can be applied with these unique decentralized assets and platforms. We are currently in a transformative stage with the concept of finance that has existed for…
