Golden DeFi Daily | The trading volume of decentralized exchanges is about 430 million US dollars

1. Total market value of DeFi: $11.34 billion

Golden Evening News | List of important news on the evening of March 7: 12:00-21:00 Keywords: L2DEXDeGate, Meitu, Bitcoin

1. Ethereum L2DEXDeGate released the official website and white paper;

2. Meitu announced that it has purchased Ethereum and Bitcoin for a total of US$40 million;

3. Representatives of the National People's Congress: Bitcoin is a case where the public welfare of the basic theories of China and the United States has been severely challenged;

4. FD7Ventures has invested in bitcoin credit card BitcoinBlack;

5. Grupo Neutrón, an Argentine startup accelerator, invested millions of dollars in crypto mining;

6. The CreamFinance proposal proposes to add stETH as a collateral asset. [2021/3/7 18:23:00]

Prices of the top six currencies by DeFi market capitalization and their 24-hour rise and fall. Source: DeFi Market Cap

Golden Salon | Pan Chao: The transfer of Ethereum to 2.0 will not have an impact on existing DeFi contracts: In this issue of the Golden Salon round table, for "V God recently said that the ETH 2.0 phase will start this summer. Ethereum will turn to ETH2.0 What impact will it have on DeFi?" Topic, Pan Chao, head of Maker DAO China, said that one of the major changes in the transfer of Ethereum to 2.0 is to gradually shift from PoW consensus to PoS. The business logic is still on the PoW chain, and PoS is only parallel Test chain, so it will not affect existing DeFi contracts. From the perspective of assets, there will be an additional interest-bearing ETH on the test chain, and it is expected that many PoS mining pools, as custodians, will issue certificates for this asset on the PoW chain, with different risks and interests . These interest-bearing ETH certificates themselves will be used as collateral to issue and generate new assets. [2020/3/11]

2. Trading volume on decentralized exchanges: $429.5 million

Jinse Finance Exclusive Live Report|David Tang, Managing Partner of Draper Dragon Fund: Blockchain is an international technology and an upgrade of Internet technology: At the 2018 Global Blockchain Investment Summit in Silicon Valley, David Tang, managing partner of Draper Dragon Fund, said : "The blockchain is an international technology. Compared with 10 years ago, in 2018, many people came to Silicon Valley to start a business, and they could find many engineers of different nationalities. At the same time, the blockchain is ubiquitous. It is an upgrade of Internet technology, which can enable more Users benefit. But the current blockchain industry is still in its infancy, and as time goes by, the technical resilience of the blockchain will become very large in the long run.” [2018/3/31]

Data source of top ten DEXs by trading volume: Debank

3. The total amount of loans on DeFi lending platforms: 1.50 billion US dollars

Borrowing ratio of each DeFi lending platform Data source: Debank

4. Assets locked in DeFi: total value of $6.37 billion

DeFi's top ten locked positions Data source: DeFi Pluse

Tags：

OKB