Q2 2020 DeFi Industry Research Report Part 2: Issuance (Stablecoins, Lending, Non-Fungible Token)
DeFi is more than just a concept in 2020, According to DeFiMarketCap, the total market capitalisation of DeFi sector continues to break new highs in H1 2020. As of July 13, 2020, the total market capitalisation of DeFi sector has exceeded $8 billion.
In H1 2020, the stablecoin market as a whole experienced strong growth in terms of the market activities. Tether (USDT) still dominates the market, but other stablecoins such as USDC, BUSD, HUSD, sUSD, and DAI also experienced positive growth in different aspects. As one of the major applications in the DeFi industry, the lending market experienced a volatile session in H1 2020 along with the broader cryptocurrency market, and total value locked in USD increased by 176%, and at the same time the Non-Fungible Token (NFT) sector is developing positively but it is still lack of some key market elements to pick up a strong growth trend in the DeFi sector.
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