In which countries are the popular DeFi project teams located?

Summary:

Many DeFi projects practice progressive decentralization - starting with a centralized way of doing their work.

Let's take a look at the registered and seated addresses of these entities.

The teams behind many decentralized finance (DeFi) protocols follow a progressive decentralization model leading to eventual full decentralization. That is, while the ultimate goal of the protocol is to completely separate itself from the centralized entity that manages its operations, the protocol will start out centralized.

Therefore, like other centralized companies, the companies behind DeFi protocols have official business entities, legal documents, and centralized headquarters in the early to mid-stage of gradual decentralization.

Ouyi OKEx popular currency broadcast: SKL has risen, with an intraday increase of 23.33%: According to the data of Ouyi OKEx platform, today’s market has fluctuated, and BTC has risen slightly today, with an intraday increase of 0.87%.

According to the Ouyi OKEx market, in the Ouyi OKEx daily increase list, the top three currencies are: SKL, CTC, KONO; the largest increase in the Polkadot ecological category is KONO; the largest increase in the NFT ecological category is SAND;

As of 15:30 on May 31, the prices of popular currencies are as follows: [2021/5/31 22:59:04]

In this article, The Block updates a similar research article published in April. In this work, our sample set has been increased to 122 DeFi projects.

Ouyi OKEx popular currency broadcast: SOC continues to rise, with an intraday increase of 60.64%: According to Ouyi OKEx platform data, today’s market is generally rising, BTC rose slightly today, with an intraday increase of 3.94%, and is now sideways at 45,000 USDT;

According to the Ouyi OKEx market, in the Ouyi OKEx daily increase list, the top three currencies are: SOC, CMT, CVT; the largest increase in the Polkadot ecological category is PLOS; the largest increase in the NFT ecological category is MANA;

As of 16:00 on May 18, the prices of popular currencies are as follows: [2021/5/18 22:15:13]

Nearly 50% of DeFi projects are headquartered in the US, with the UK and EU being the second most popular location for DeFi projects seeking to set up their headquarters.

Musk tweeted: Celebrating the success of the rocket launch Hot comments are fake scammers defrauding ETH: Recently, Tesla founder Musk frequently tweeted to celebrate the success of his rocket launch, and one of his tweet comments received the most likes, "Musk wants to give back to his followers, and he will pay 5,000 ETH to start a sale. In order to identify your ETH address, please transfer 0.5-2 ETH to the following address, and then 5-20 ETH will be returned as a reward." Because the avatar, name, and account number of the commenters are almost exactly the same as Musk’s and they are in the first comment position, many people have commented and thanked them and said that they have transferred a small amount of ETH to the designated account as they said, expecting to get double what the tweet said award. Wired magazine previously reported on the scam, claiming that the scammers had already raked in thousands of bitcoins in less than a week. [2018/2/22]

Interestingly, despite its relatively small population size, Singapore has a large share of DeFi projects.

While companies often choose their headquarters based on where their teams are located, the choice of legal incorporation is often based on local regulatory and economic advantages.

In fact, 21% of the firms in our dataset are not located at the same location as they are registered.

If you look at the data in terms of domicile, Switzerland jumped from having the seventh-largest share of the DeFi space to having the second-largest share. Such a large market share is likely a result of the country’s relatively crypto-friendly regulations. Other crypto-friendly countries from a legal domicile standpoint also have a sizeable share of DeFi companies, including Singapore, the Cayman Islands, and the British Virgin Islands.

2017 turned out to be the most popular year since DeFi projects started — coinciding with the 2017 bull run. In our dataset, 36% of companies were founded in 2017 and 20% in 2019. With three months to go in 2020, 17 new DeFi companies have launched. This year has been the third most popular for DeFi companies.

Steven Zheng   Author

Li Hanbo   Translation

Tags：

Best Bitcoin Exchange