Bitcoin Locked in DeFi Crosses 100,000 Mark
We have great news coming for the decentralized financial space yet again as Bitcoin makes incredible gains we haven’t seen before. Since their earlier success this past September, the sheer amount of Bitcoin locked in DeFi has been unprecedented as it hits past six figures.
Before this, Bitcoin was already losing some steam and was just able to reach around $10,950 on spot exchanges like Coinbase. Starting Tuesday however, BTC has been settling around $10,778 as of press time which would give out a cautionary signal to most.
However, according to aggregator DeFi Pulse, the amount of Bitcoin locked and/or deployed in the DeFi arena has actually crossed the 100,000 mark for the first time, currently at 101,719 BTC which is nothing short of amazing. It is also worth mentioning that it may have helped when bitcoin’s continued upward trend in total value locked is rebounding towards $10 billion in total value, which is again, absolutely amazing. Does this mean the DeFi market is slowly grasping on the whole of the cryptocurrency industry? Will Decentralized Financial Exchange Platforms be the future of Crypto? Only time will tell.
About FIAT DEX
FIAT DEX is a specially designed decentralized exchange for ERC-20 tokens using an off-chain order book with on-chain settlements all done via smart contracts on the Ethereum Blockchain. As such, no one will ever need to register or login unlike with other centralized exchanges and no such custody of tokens will take place whatsoever on our platform, assuring a perfect two-way pass-through of all commencing trades.
FIAT DEX is the newest project launched by FIAT Exchange, a pioneer in the consensus industry and a well-renowned veteran financial group offering all-in-one services encompassing everything there is to launching a token offering, ensuring safety and transparency through legal compliance with consultants to help innovative start-ups, promising businesses and established corporations launch their own Initial Exchange Offering, Initial Coin Offering, Security Token Offering or Reverse Token Offering effectively, efficiently and successfully.
The FIAT DEX project aims to evolve the way ERC-20 token trading platforms are used and revitalize the decentralized market.
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