The global adaptation of Decentralized Finance (DeFi) is advancing at a record pace, while Polygon is making enormous strides in scaling Ethereum.The DeFi sector is on the upswing. In the past seven days, DeFi Logs Total Managed Capital (TVL) climbed from $ 108.93 billion to $ 122.73 billion at press time.Much of the growth can be traced back to the DeFi protocols of the Binance Smart Chain (BSC) and Ethereum (ETH). These currently occupy the lion\u2019s share of the entire market and together with the DeFi Llama come to a TVL of 107.2 billion US dollars \u2014 almost 87.35 percent of the entire DeFi market.Not only the DeFi sector and Ethereum reached new highs this week. In a blog post, ConsenSys announced that the MetaMask crypto wallet now has over five million active users per month. In October, that number was still one million users. MetaMask can serve as a regular crypto wallet. Compared to many other wallets, the strength of MetaMask is that users can interact with decentralized applications.MetaMask attributes the reasons for this enormous growth to a combination of various factors. On the one hand, the interest in applications from decentralized finance has risen sharply, and on the other hand, the NFT hype has led to more and more newbies using MetaMask.Another reason is called, ConsenSys the increasing number of users from developing countries.India and Indonesia are both in the top five countries where MetaMask is used the most. Other developing countries such as Vietnam and Nigeria are also in the top ten.According to the blog post, many people in these countries do not trust their banks and governments and are therefore looking for alternatives. You will find these alternatives in the world of decentralized finance. Overall, this news is very positive for DeFi-Space. The development shows that\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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