Defi Flippens Kraken, Coinbase

defi daily volumes july 20 2020

Decentralized exchanges (dex-es) and financial dapps (defi-ers) have overtaken the trading volumes of Kraken and Coinbase for the first time ever. Curve alone nearly surpassed yesterday all of Kraken’s trading volumes, stating “$93M daily trading volume! How’s that possible even?” Innovation, the mother of all wonders led this Sunday and keeps leading to a frenzy of trading in the most underground happening even in this 2020. So underground in fact even we haven’t testrun these things yet to see how you get these free tokens, but plenty are ‘testrunning’ and to the tune of billions a month. July has quite a lot more to go still and it’s already close to overtaking June, but what shows far more clearly the rise of defi is the comparison with last year. January 2019 barely had $50 million in trading volumes as the space was just becoming. Now, $2 billion will probably be…

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