Bybitthe world’s second largest cryptocurrency exchange according to trading volume, published a new report on decentralized finances (defi)which shows significant changes in the sector with real assets (Real-World Assets, RWA) and decentralized stock exchanges (Decentralized Exchanges, Dexs) as new drivers. In contrast to the enthusiasm of the “Defi Summer” 2020, today’s market is driven by institutional customers and utility -oriented applications.
Central knowledge
- Defi in the institutional area: The regulatory clarity, which results from events such as the Genius Act and the IPO of Circle, has increased the institutional interest in defi lending and tokenized assets. Supported by the spread of stablecoins, the integration of Defi into traditional finance was promoted through institutional interest. The total defi loan deposits achieved a volume of $ 67.8 billion via platforms such as Aave, Morpho and Maple Finance. RWA platforms such as Securitize, Ondo Finance and Franklin Templeton enable return opportunities that are secured by US state bonds and beat a bridge between crypto and mainstream investments.
- Dexs challenge centralized actors: Hyperliquid leads the trade with perpetual futures with an annual volume of $ 1.27 trillion and shows that Dexs can play in the same league as CEXs. This has promoted hybrid platforms such as byreal that combine CEX liquidity with defi transparency.
- Inconsistent performance: While the RWA and Dex sectors are flourishing, interest in the AI-related defi token (Defai) is declining and the growth of the liquid operations is restricted by the volatility of the tokens.
The report approaches the state of things in the Defi industry with highlights from all areas, shows the transition of the defi to benefit-oriented applications that are anchored in real applications. With the increasing introduction of institutional RWAs and the advent of hybrid solutions, Defi positions itself as an on-chain financial infrastructure that combines centralized financial performance with decentralized transparency.
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Information on Bybit
Bybit is the second largest cryptocurrency exchange in the world, measured by the commercial volume, and serves a global community of over 70 million users. The BYBIT company, founded in 2018, redesigned openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit is entering into strategic partnerships with leading blockchain protocols to provide a robust infrastructure and to promote on-chain innovations. Bybit is known for its safe custody, its diverse marketplaces, its intuitive user experience and its advanced blockchain tools. Bybit closes the gap between Tradfi and Defi and enables developers, creative and enthusiasts to open up the full potential of Web3. Discover the future of the decentralized financial system Bybit.com.
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