Abstract
The vision of a DeFi(decentralized finance) system has accompanied the blockchain space since its inception. While it has been an aspirational dream for the blockchain community in the past, the vision of a DeFi system has come some steps closer. Since 2020, DeFi is growing at an astonishing pace and billions of USD have been put in the ecosystem. The growth is mainly led by applications that are built on the Ethereum blockchain. The good news at this moment is that the Crypto market cap has again crossed the $2 trillion mark. All DeFi applications accounted for 4.6% of the total crypto market as of April 2022 and still have explosive growth potential.
Now with the advent of DEXs(decentralized exchanges) in the DeFi(decentralized finance) marketplace, cryptocurrency holders no longer have to leave the crypto space to exchange tokens. DEX consists of smart contracts that hold liquidity reserves and function according to a defined price mechanism. These automated liquidity protocols play a key role in the development of an independent, decentralized ecosystem without CeFi(centralized finance) intermediaries. DeFi(decentralized finance) is likely to have a significant impact on how banks operate in the future — and even has the potential to shift the structure of the whole financial system at a macroeconomic level. DeFi applications could be at the verge of challenging traditional finance actors on various fronts.
We are in the final stages of development of high-performance DeFi exchange services and cross-chain atomic exchanges, including non-custodial multi-currency wallets with integrated Visa and MasterCard. We will collaborate and advance in the crypto space to push the limits of mainstream finance. In addition, we expect the development of technologies and civilizations beneficial to mankind, including robot technology, along with the blockchain market.
