The partial bull market of DeFi indicates that the dominant position of the Ethereum public chain is once more firmly welded?
Editor's note: This short article is through the vernacular Block Chaining (Identification: hellobtc), Author: Five fireball chief, Blockchain Daily certified reprint.
In the last post "Counting the 9 main outlets that produced many people actually profitable in the first 3 years, which are the possible in the second half of the year", we stated that the existing outlets in the next half of the year are the subsequent:
ETH2.0, Filecoin, Polkadot, DEX, the continuation of DeFi, etc...
Go and Check CVPLab could have discovered that in this article, several outlets in the past few years are short-lived, and the life span cycle is normally only a few months. On the list of major stores in the second half of the year, only DeFi, the author used the term "continuation", and continuing to put DeFi, which was already the electric outlet of the initial half of the year, into the wall plug of the next half of the year showing his tenacious vitality.
So what could it be, the current vitality of DeFi is far better compared to the previous ones?
DeFi's incomplete bull market is here. If you have mainstream currencies such as for example BTC or ETH, or platform currencies such as for example BNB and HT, days gone by month should have been a relaxed month for you personally. Did not touch the contract leverage.
However, if you read the last article and purchase DeFi-related currencies, whether it is MKR, Lend, or REN, Bancor, or KNC talked about in this article, these thirty days should be full of profits. Full 30 days.
In addition to the "amazing overall performance" of various main DeFi currencies before 30 days, many other data also indicate the arrival of the partial bull market in DeFi.
1. DEX currency cost and transaction volume data-it is apparent that before couple of months, the enhance of DEX tokens offers much exceeded the raise of conventional CEX major investing platform currencies, which increase is mainly due to DEX The effect of increasing investing volume.
2. The amount of DeFi users-According to latest statistics, the amount of independent addresses in Ethereum offers exceeded 100 million, and the amount of addresses holding ETH 's almost 40 million. The cumulative amount of users who've participated in the DeFi platform is certainly near 200,000.
Although it is 200,000, although it is a cumulative amount, weighed against a year ago, it is still a rapid upwards statistical curve.
3. Coinbase examines the currency-in the existing circle, only if with regards to the influence from the trading system, Coinbase is still a well-deserved head.
Coinbase loves to regularly get some high-quality currencies and place them in the inspection area, and find one or two of the highest quality in the inspection area every few months, and launch its own trading platform for global customers to get and trade.
It is very interesting that you can see a huge difference between the inspection area last year and the inspection area now.
Last September's survey list: virtually all public chains
The most recent survey list: half of the country is becoming DeFi
How come the tuyere various this time? 1. Ethereum needs a story-global settlement layer
The story of Ethereum's very first global computer had been shattered due to poor performance.
After 17 years of "inexplicably" learning to be a one-click currency issuance tool, Ether also "inexplicably" became the settlement foreign currency in the circle at that time, not the settlement layer, however the settlement currency.
For a long period after the collapse from the Asiatic bubble, Ethereum seems to have lost its path. It was furthermore the most arrogant stage of all "Ethereum killers".
Finally, the rise from the DeFi concept permitted Ethereum to see a new tale: the global settlement layer!
Supporters state that DeFi ended up saving Ethereum.
Doubts say that DeFi is just the idea of Ethereum's self-help after the DApp concept offers cooled on Ethereum.
However in any situation, Ethereum has found a new tale, and this tale is currently developing within a good direction, whether it is concept or information, and it has once again made ETH the "king of the general public chain". Throne.
For the currency circle that will pay focus on "price dream proportion" rather than "price-earnings ratio", the story is really too important.
2. This story enables many people to participate, and several people really earn money in it
I just mentioned the idea of "market dream rate". Indeed, this is the most important thing in the currency group.
The influx of mad cows in 17 yrs and the passion of public stores in 18-19 had been all triggered by the Fomo sentiment as a result of the "market desire rate". A bunch of public chains or DAPPs have no profit or perhaps a white paper. Beneath the conditions, the valuation can simply be tens of large numbers to hundreds of millions. Great deal of thought now, it is ridiculous.
In 2020, the marketplace dream rate is usually finally not so easy to use, people began to focus on those blockchain tasks that may be implemented, and users have traffic and even profit.
DeFi undoubtedly meets this condition.
Whether it is the platform currency of various decentralized trading platforms, or the DeFi task of a economic nature such as the casting of steady coins, its customers are real, and the project itself is definitely profitable, which is like the devastation or repurchase model of platform coins such as for example BNB and HT. .
More importantly, being an ordinary blockchain user, everyone can participate in DeFi. The current hot AMM automated market maker design and the increase of the idea of liquid mining have significantly strengthened the sense of involvement of DeFi users.
Ever since, the storyplot is no lengthier illusory and traveling in the sky, but truly drops at our foot.
3. Precise user-To B or even to C
What is the most powerful business of Amazon, that includes a market value of trillions?
You may only know or have used their online store. Indeed, Amazon has made a lot of money with this, and selling things is still its biggest business.
However, in terms of profit contribution, Amazon . com Cloud AWS accounts for more than half of the entire Amazon profit.
Have you utilized AWS, or Alibaba Cloud in Tiongkok? I don't think there's a high probability.
The reason for talking about Amazon . com is the fact that since 17 years, the blockchain has always wished to do To C applications like Amazon Mall. There are all kinds of DAPPs, but only two forms of people have arrive, gamblers and wool. party.
With regards to DeFi, although customers are still not To B, these users are really customers who have actual requirements in DeFi market making, arbitrage along with other aspects. Just because the user groups targeted by AWS, one is the companies that need to go their internet sites or IT systems towards the cloud, and another is some professional IT practitioners.
Therefore, DeFi can be regarded as the very first time that this blockchain has found a batch of professional customers between To B also to C, and the amount of users is steadily increasing.
4. What the blockchain is initially good at is most likely finance
Who is the originator of the blockchain? Bitcoin.
Whether you imagine of Bitcoin as digital precious metal or peer-to-peer cash, it is "money" itself.
This attribute of the originator Bitcoin may also be destined to the area where the blockchain can greatest play its advantages, which should end up being finance.
As for various other aspects, of course it is not impossible to accomplish. The next 1-2 years of tuyere, including storage, games, NFT, DAO, etc., are good concepts.
However, they could have to await the financial field to achieve initial success on the blockchain before they are able to have any hope of development.
This also increases the last issue, that is, is the upcoming of DeFi broad as well as the sky? Where is definitely its ceiling?
DeFi's imagination and ceiling-how long can this issue be well-known? This starts with a piece of recent information:
"The MakerDAO local community has voted to utilize real property (RWA) as security.
The vote showed that the city supports two brand new mortgage proposals initiated by startup Centrifuge that allow users to convert real possessions into securities that can be released with interest-bearing ERC-20 tokens. Currently, the company offers partnered with Paperchain and ConsolFreight to support the tokenization of business invoices and songs royalties. In the future, users will be able to lend DAI through true assets. "
You see, the current DeFi basically depends on pledged ETH to create DAI casting, leverage, and artificial assets.
So the noticeable ceiling is roughly equal to the quantity of pledged ETH, which is now almost 1 billion US dollars.
The complete DeFi market includes a market value of nearly US$2 billion.
After ETH, MakerDao 1st presented BAT, 0x and other encrypted assets. After 312, it released USDC. Right now, tokenized out-of-circle resources have finally already been introduced into the DeFi ecosystem for the very first time in history.
Step one (current) of DeFi would be to cannibalize CeFi's share in the group.
CVPLab - BLOCKCHAIN x CONSTRUCTION of the future would be to escape the circle and cannibalize the discuss of traditional financial.
Of course, there could be many paths. At present, the matter of assets on the chain may not be feasible in a short time. However, if resources outside the circle can be used as collateral possessions for artificial stablecoins, the imagination space can be almost infinite.
It is right now possible to tokenize trade invoices and music royalties to generate stable coins.
Can you really tokenize stocks in the future to mint Dai?
And the best option for getting into the circle, the most suitable for forming a stable currency, that's, the most water asset on the planet, guess what?
US Treasury Bills-US Treasury! This is one of the deepest and most liquid markets on the planet, with a level of tens of trillions. As long as a fraction will come in, DeFi may travel completely.
Of course, you may think that is YY. In the current situation, it really is indeed YY. In the end, the current DeFi performance, safety, convenience and other aspects are far from the level necessary to carry this type of large-scale fund. DeFi also needs more time to demonstrate and develop itself.
However, just like no one could have thought a decade ago, Bitcoin would become a giant with hundreds of billions of dollars from a program on a personal computer.
Ten years later, a huge selection of billions or even trillions of property outside and inside the group will flow openly in the DeFi ecosystem. Can you dare to think about this picture?
In the last post "Counting the 9 main outlets that produced many people actually profitable in the first 3 years, which are the possible in the second half of the year", we stated that the existing outlets in the next half of the year are the subsequent:
ETH2.0, Filecoin, Polkadot, DEX, the continuation of DeFi, etc...
Go and Check CVPLab could have discovered that in this article, several outlets in the past few years are short-lived, and the life span cycle is normally only a few months. On the list of major stores in the second half of the year, only DeFi, the author used the term "continuation", and continuing to put DeFi, which was already the electric outlet of the initial half of the year, into the wall plug of the next half of the year showing his tenacious vitality.
So what could it be, the current vitality of DeFi is far better compared to the previous ones?
DeFi's incomplete bull market is here. If you have mainstream currencies such as for example BTC or ETH, or platform currencies such as for example BNB and HT, days gone by month should have been a relaxed month for you personally. Did not touch the contract leverage.
However, if you read the last article and purchase DeFi-related currencies, whether it is MKR, Lend, or REN, Bancor, or KNC talked about in this article, these thirty days should be full of profits. Full 30 days.
In addition to the "amazing overall performance" of various main DeFi currencies before 30 days, many other data also indicate the arrival of the partial bull market in DeFi.
1. DEX currency cost and transaction volume data-it is apparent that before couple of months, the enhance of DEX tokens offers much exceeded the raise of conventional CEX major investing platform currencies, which increase is mainly due to DEX The effect of increasing investing volume.
2. The amount of DeFi users-According to latest statistics, the amount of independent addresses in Ethereum offers exceeded 100 million, and the amount of addresses holding ETH 's almost 40 million. The cumulative amount of users who've participated in the DeFi platform is certainly near 200,000.
Although it is 200,000, although it is a cumulative amount, weighed against a year ago, it is still a rapid upwards statistical curve.
3. Coinbase examines the currency-in the existing circle, only if with regards to the influence from the trading system, Coinbase is still a well-deserved head.
Coinbase loves to regularly get some high-quality currencies and place them in the inspection area, and find one or two of the highest quality in the inspection area every few months, and launch its own trading platform for global customers to get and trade.
It is very interesting that you can see a huge difference between the inspection area last year and the inspection area now.
Last September's survey list: virtually all public chains
The most recent survey list: half of the country is becoming DeFi
How come the tuyere various this time? 1. Ethereum needs a story-global settlement layer
The story of Ethereum's very first global computer had been shattered due to poor performance.
After 17 years of "inexplicably" learning to be a one-click currency issuance tool, Ether also "inexplicably" became the settlement foreign currency in the circle at that time, not the settlement layer, however the settlement currency.
For a long period after the collapse from the Asiatic bubble, Ethereum seems to have lost its path. It was furthermore the most arrogant stage of all "Ethereum killers".
Finally, the rise from the DeFi concept permitted Ethereum to see a new tale: the global settlement layer!
Supporters state that DeFi ended up saving Ethereum.
Doubts say that DeFi is just the idea of Ethereum's self-help after the DApp concept offers cooled on Ethereum.
However in any situation, Ethereum has found a new tale, and this tale is currently developing within a good direction, whether it is concept or information, and it has once again made ETH the "king of the general public chain". Throne.
For the currency circle that will pay focus on "price dream proportion" rather than "price-earnings ratio", the story is really too important.
2. This story enables many people to participate, and several people really earn money in it
I just mentioned the idea of "market dream rate". Indeed, this is the most important thing in the currency group.
The influx of mad cows in 17 yrs and the passion of public stores in 18-19 had been all triggered by the Fomo sentiment as a result of the "market desire rate". A bunch of public chains or DAPPs have no profit or perhaps a white paper. Beneath the conditions, the valuation can simply be tens of large numbers to hundreds of millions. Great deal of thought now, it is ridiculous.
In 2020, the marketplace dream rate is usually finally not so easy to use, people began to focus on those blockchain tasks that may be implemented, and users have traffic and even profit.
DeFi undoubtedly meets this condition.
Whether it is the platform currency of various decentralized trading platforms, or the DeFi task of a economic nature such as the casting of steady coins, its customers are real, and the project itself is definitely profitable, which is like the devastation or repurchase model of platform coins such as for example BNB and HT. .
More importantly, being an ordinary blockchain user, everyone can participate in DeFi. The current hot AMM automated market maker design and the increase of the idea of liquid mining have significantly strengthened the sense of involvement of DeFi users.
Ever since, the storyplot is no lengthier illusory and traveling in the sky, but truly drops at our foot.
3. Precise user-To B or even to C
What is the most powerful business of Amazon, that includes a market value of trillions?
You may only know or have used their online store. Indeed, Amazon has made a lot of money with this, and selling things is still its biggest business.
However, in terms of profit contribution, Amazon . com Cloud AWS accounts for more than half of the entire Amazon profit.
Have you utilized AWS, or Alibaba Cloud in Tiongkok? I don't think there's a high probability.
The reason for talking about Amazon . com is the fact that since 17 years, the blockchain has always wished to do To C applications like Amazon Mall. There are all kinds of DAPPs, but only two forms of people have arrive, gamblers and wool. party.
With regards to DeFi, although customers are still not To B, these users are really customers who have actual requirements in DeFi market making, arbitrage along with other aspects. Just because the user groups targeted by AWS, one is the companies that need to go their internet sites or IT systems towards the cloud, and another is some professional IT practitioners.
Therefore, DeFi can be regarded as the very first time that this blockchain has found a batch of professional customers between To B also to C, and the amount of users is steadily increasing.
4. What the blockchain is initially good at is most likely finance
Who is the originator of the blockchain? Bitcoin.
Whether you imagine of Bitcoin as digital precious metal or peer-to-peer cash, it is "money" itself.
This attribute of the originator Bitcoin may also be destined to the area where the blockchain can greatest play its advantages, which should end up being finance.
As for various other aspects, of course it is not impossible to accomplish. The next 1-2 years of tuyere, including storage, games, NFT, DAO, etc., are good concepts.
However, they could have to await the financial field to achieve initial success on the blockchain before they are able to have any hope of development.
This also increases the last issue, that is, is the upcoming of DeFi broad as well as the sky? Where is definitely its ceiling?
DeFi's imagination and ceiling-how long can this issue be well-known? This starts with a piece of recent information:
"The MakerDAO local community has voted to utilize real property (RWA) as security.
The vote showed that the city supports two brand new mortgage proposals initiated by startup Centrifuge that allow users to convert real possessions into securities that can be released with interest-bearing ERC-20 tokens. Currently, the company offers partnered with Paperchain and ConsolFreight to support the tokenization of business invoices and songs royalties. In the future, users will be able to lend DAI through true assets. "
You see, the current DeFi basically depends on pledged ETH to create DAI casting, leverage, and artificial assets.
So the noticeable ceiling is roughly equal to the quantity of pledged ETH, which is now almost 1 billion US dollars.
The complete DeFi market includes a market value of nearly US$2 billion.
After ETH, MakerDao 1st presented BAT, 0x and other encrypted assets. After 312, it released USDC. Right now, tokenized out-of-circle resources have finally already been introduced into the DeFi ecosystem for the very first time in history.
Step one (current) of DeFi would be to cannibalize CeFi's share in the group.
CVPLab - BLOCKCHAIN x CONSTRUCTION of the future would be to escape the circle and cannibalize the discuss of traditional financial.
Of course, there could be many paths. At present, the matter of assets on the chain may not be feasible in a short time. However, if resources outside the circle can be used as collateral possessions for artificial stablecoins, the imagination space can be almost infinite.
It is right now possible to tokenize trade invoices and music royalties to generate stable coins.
Can you really tokenize stocks in the future to mint Dai?
And the best option for getting into the circle, the most suitable for forming a stable currency, that's, the most water asset on the planet, guess what?
US Treasury Bills-US Treasury! This is one of the deepest and most liquid markets on the planet, with a level of tens of trillions. As long as a fraction will come in, DeFi may travel completely.
Of course, you may think that is YY. In the current situation, it really is indeed YY. In the end, the current DeFi performance, safety, convenience and other aspects are far from the level necessary to carry this type of large-scale fund. DeFi also needs more time to demonstrate and develop itself.
However, just like no one could have thought a decade ago, Bitcoin would become a giant with hundreds of billions of dollars from a program on a personal computer.
Ten years later, a huge selection of billions or even trillions of property outside and inside the group will flow openly in the DeFi ecosystem. Can you dare to think about this picture?
