In this playlist, we assemble a list of 10 DeFi dapps that actually fit into the category and also will disrupt your financial life.
12 Projects Created at
2020-05-21 06:27:13 UTC
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With many of the playlists we have assembled, the parameters have been clear. To be considered decentralized finance, or DeFi, we can argue endlessly about what is a DeFi product and what is a product that tries to “unbank the bank”. Therefore, in assembling this playlist, we took the descriptive quality of the term and ran with it, assembling a list of 10 DeFi dapps that actually fit into the category and also will disrupt your financial life.
Before we get into the list itself, here is a quick word on DeFi from Vitalik Buterin, the inventor of the Ethereum blockchain: “I’m very excited about the potential DeFi offers in principle. The idea that just anyone, anywhere in the world, can have access to a system that lets them pay each other, and choose their own financial exposure, is a really powerful thing. It's something that a lot of people don't have access to," Vitalik said at one of the Ethereum conferences in 2019. Also, here are some statistics of DeFi dapps from our Q3 2019 Dapp Market Report and showcase the overview of those dapps in the past quarter:
“Over 132,000 users used dapps under the Finance (DeFi) category. Compared to the other categories it has become the most used dapp.” “DeFi dapps have contributed over 58% of the volume of Ethereum dapps in Q3 2019, with a total volume of over 2,275,000 ETH (around $466 million).”
We have seen the bitcoin-like stablecoin Dai get more popular and on its way to becoming a global currency; Compound allows you earn interest on, or borrow Ethereum assets; ETHLend lets lenders and borrowers from all over the world to create peer-to-peer lending agreements.
DeFi is a movement. The next wave of the DeFi is happening right now.