Decentralized finance went ahead in 2020 as a rocket. What was the reason for this growth? What can we expect in the future?Unlike many in the world, the entire crypto scene is probably grateful for the year 2020. New users, giant announcements, Bitcoin all-time high. It seems the crypto community can breathe and prepare for further growth.However, there is a new area within the crypto space that is just beginning to unfold its wings: decentralized finance.It is important to point out that DeFi has not even existed two years ago. Just as in the early years of the internet and the entire crypto world itself, members of a narrow community were talking about DeFi and considered it serious.In early 2020, the huge milestone of $1 billion worth of value locked in DeFi projects was awaited by the community. By early September, it looked like this number would soon reach $10 billion. And by the end of the year at the time of writing this article, we are just a little before $17 billion.In a recent interview with Finance Magnets, Joe Lallouz, founder of Bison Trails, highlighted that DeFi has undergone incredible development over the past year.In his words:\u201cNew protocols, new pieces of technology that fit into the different protocols \u2014 everything from liquidity pools to automated market-making to lending to insurance: literally everything across the board is sort of being built in the decentralized finance space.\u201dThe development of the DeFi industry as a whole has inevitably brought with it an increase in the price of tokens. LINK, BAND, COMP all produced eye-catching movements.What triggered this growth?According to Steven Becker, COO of MakerDAO, there is a lot of uncertainty in the world right now. People are trying to offset the risks inherent in these uncertainties by looking for alternative solutions.In 2020,\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Decentralized finance went ahead in 2020 as a rocket. What was the reason for this growth? What can we expect in the future?Unlike many in the [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3047"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=3047"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=3047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=3047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=3047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}