DeFi market assets have collectively exceeded the market capitalization of XRP. Since the latter faces a major lawsuit from the SEC.
Messari data shows that DeFi’s total market capitalization ($ 11.5 billion) has surpassed that of XRP affected by SEC demand ($ 10.26 billion). All this, in the wake of the recent liquidation of the cryptocurrency market.
DeFi Market
Popular DeFi assets like UNI and MKR saw a rally alongside Bitcoin and the launch of ETH 2.0. The crypto community has theorized that Bitcoin’s bull run has seen a profit migration to DeFi.
Many analysts also agree that the DeFi industry will likely continue to grow in 2021. In addition to its phenomenal performance in 2020.
Meanwhile, Ripple and XRP have seen a horrible start to the new year. The United States Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in late December 2020. Following the announcement, the asset’s value began to bleed out, and investors feared its imminent demise.
They will hold a virtual meeting to explain how Avalanche works
Organized by DeFi Lab, on January 13 there will be a presentation on Avalanche. With the participation of Andrea Vargas, Blockchain consultant.
“In this talk we will explain how Avalanche works, its architecture, tools and how its revolutionary consensus solves the bottlenecks of previous blockchains,” explained the organizers.
It will also analyze how it achieves transaction volumes higher than centralized solutions such as VISA. With less than a second purpose, without sacrificing decentralization.
In addition, they will talk about DeFi use cases: “ILOs, how Avalanche avoids front-running, and network interoperability through subnets.”
SushiSwap reveals its ambitious roadmap for 2021
After an oscillating and bullish year 2020 in which the SushiSwap became the largest decentralized exchange (DEX) by liquidity at two different points. The decentralized financing platform (DeFi) has published the project roadmap for 2021.
Major upcoming events include multiple examples of some of the most complex and advanced functionality in the DeFi space. These include a cross-chain DEX that will be enabled by Rune and Moonbeam, an application on the Polkadot chain, and a fully decentralized governance structure by the end of 2021.
The news also provided updates on previously announced projects, including the release of a v2 called Mirin and a mid-January deadline for the launch of BentoBox, an upcoming loan product.
There were also signs of a possible brand change that will take place soon. Given the variety and number of products currently offered and under development, “Sushiswap will move to a new domain in 2021 to better reflect that we are no longer an AMM (Automated Market Maker).”
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