Coinbase’s IPO has far-reaching effects on the entire crypto space, and Decentralized Finance (DeFi) in particular is one of the main winners — why is that?The Coinbase IPO was on everyone’s lips this week, and not only Bitcoin, but above all, DeFi tokens have risen sharply since the listing.Coinbase has its quarterly results a few weeks ago announced. Overall, the company generated total sales of just under $ 1.8 billion in the first quarter of the current year. Additionally, net income was estimated by Coinbase to be between $ 730 million and $ 800 million. But what is the connection between a centralized crypto exchange and decentralized finance?The train of thought is relatively simple. Since Coinbase published its quarterly figures and has been listed on the stock exchange, there has been a clear benchmark for evaluating decentralized stock exchanges. Standard values for metrics such as a number of users, trading volume, Total Value Locked (TVL), and so on ensure that DeFi projects can, for the first time, be compared with a company listed on the stock exchange.This is because a majority of the decentralized exchanges (DEX) have their own tokens. UniSwap has its UNI token, SushiSwap has SUSHI, and so on and so forth. Most of these tokens currently serve as governance tokens with which holders can have a say in the development of the protocol. However, some DeFi projects are already allowing their owners to share in the profits of the respective decentralized trading platform. Therefore, for example, SUSHI holders can stake their coins and receive part of the fees for trades made on SushiSwap as a reward. These developments ensure that DeFi protocols can be evaluated using traditional standards from the financial world. In addition, there is now Coinbase as a benchmark on the exchange.Spencer Noon, a well-known…