#DeFi

According to the report, the quarterly altcoin trading volume increased across the board. For example, among the top ten cryptocurrencies eToro, Binance Coin (BNB) and Tezos (XTZ) traded 46% and 37% respectively in Q3. Although still, this is a low result among the leading cryptocurrencies.

According to Google Trends, user interest in Bitcoin, as well as interest in DeFi, is waning. Interest in the number of requests is usually related to price changes.

Matter Labs launched the zkSynca Layer 2 smart contract testnet and used Curve as the first resident dApp, Matter Labs' Layer 2 solution will use ZK to implement smart contract functionality in Ethereum. So far, Optimistic is the leading DeFi implementation.

Q3 2020, the best quarter in the DeFi ecosystem. According to the report, the third quarter of 2020 is the most impressive quarter for DeFi. The Ethereum network dominates the DeFi space, but the market share of TRON and EOS has also increased.

It cannot be denied that the Defi market has been very sluggish in the past few weeks. After a stream of negative news about cryptocurrency. Whether it's news of the Kucoin hack, the lawsuit against Bitmex, or even news that US President Donald Trump is infected with Covid-19.

The so-called "crop growing platform" UniCats, based on the Ethereum network, is suspected of stealing the UNI management token of the decentralized financial platform Uniswap from several users worth $ 200000 in crypto assets.

DeFi is one of the few projects that will definitely go down in history and remain. With the advent of Bitcoin (BTC), we have come to realise the value in the Blockchain. The next smart move would be trading, loans, borrowing, mortgages, risk transfer, etc. If you understand and believe in Bitcoin (BTC), there is absolutely no reason not to understand DeFi.

The Switcheo team announced on their blog that they have created and launched Zilswap, a decentralised cryptocurrency exchange (DEX) powered by Zilliqa that will allow users to trade digital assets on the Zilliqa blockchain for the first time.

UMA is a decentralized platform. Cryptocurrency synthetic assets are part of the Decentralized Finance (DeFi) space. With the vigorous development of DeFi, ubiquitous projects have emerged. UMA is a great example of an excellent DeFi project.

Bisheng Capital announced its investment in Juggernaut (JGN) today, according to official sources. JGN is a customizable synthetic derivatives distribution platform that will build the next generation DEFI and DAO frameworks.