DeFi industry worth over $100B, Trillion soon, don't be left behind

belemo (72)in Project HOPE • 3 years ago

Decentralised finance is carving out its own niche in the crypto industry. Outside of the perennial threat of rug pulls like the one on pancake, it has been largely successful and in the process grown into a $100Billion sector.

In fact, Coingeck surmises that the DeFi sector is currently worth $127.4 Billion in valuation. This is based on the market capitalisation of a number of DeFi products and considering Cubfinance wasn't even on the list, I'm sure there are probably other projects that were left out.

The growth of this niche market isn't unprecedented per se, but it's possible to have not seen it coming at all. As platforms like Uniswap, AAVE, Compound, and Pancake are blazing the trail, the rest are playing catch up in this perpetually growing market.

The total value locked across all Defi platforms is also heading towards $100 billion. Considering Bitcoin already clocked 1 trillion and in this market that growth is often exponential, there's a very decent probability that we'll be seeing another trillion-dollar entity in this space.

The question now becomes how can you participate? Gas fees on Ethereum and a lack of basic understanding of how these platforms work have been a problem for many people in the space. I've been around the space for roughly two months and every day, I pick up tricks that I note down for the future.

It's a learning process that spins in perpetuity, so don't get left behind. Don't FOMO either but at the same time, don't let fear guide you. What's the worst that could happen?