- Original Binance Blog : Crypto Trends 2020 on Binance
Hello, this is kimm. Happy Christmas. Have a good health on this happy day.
Opportunities to generate new income for cryptocurrency holders
During 2020, Binance launched a range of cryptocurrency -based financial management products that will allow cryptocurrency investors to use the cryptocurrency to earn more rewards when they own cryptocurrency. The ranking of financial management products according to the actual number of users is as follows.
(1) Binance Savings: https://www.binance.com/en/lending
(2) BNB Vault: https://www.binance.com/en/bnbmining
(3) Binance Bet: https://www.binance.com/en/pos
(4) Swap Fluids: https://www.binance.com/en/swap
Cryptocurrency lending services are one of the fastest growing areas in the cryptocurrency industry, and have proven popular with cryptocurrency investors looking for additional sources of income. Any investor who holds cryptocurrency can profit at a fixed rate through financial management products.
Cryptocurrency lending markets offer double-digit interest rates that are much more attractive than traditional financial markets. The cryptocurrency lending market has continued to improve throughout the years and is a great alternative to existing bank deposit services.
The most popular tokens on the Binance cryptocurrency lending market are USDT, BUSD, KAVA, SXP, and NEO.
Half-life and Bitcoin mining
After the third half of Bitcoin in May 2020, Bitcoin miners' rewards have been halved and the flow rate of new BTC has been reduced. Binance Pool, launched in April this year, has shown a steady increase in market share, and is currently ranked third among global mining pools.
Binance Smart Chain (BSC)
Binance launched Binance Smart Chains (BSC) in September of this year,demonstrating its entry into the world of Defi. The Binance Smart Chain provides users of the Binance ecosystem with functions such as BNB staking, cross-chain and EVM compatibility.
There are currently more than 60 projects operating on the Binance Smart Chain, and Pancake Swap is the Automated Market Maker (AMM) and its most popular produce farm. To encourage development on a new blockchain platform, Binance also announced a $ 100 million accelerator fund program to support the new DeFi project.
Blockchain and cryptocurrency educational resources
There is no doubt that the cryptocurrency market is growing rapidly, but there are still strong barriers to entry when it comes to learning and education for understanding cryptocurrencies. Binance Academy will reach 4.7 million customers by 2020, and from cryptocurrency newbies to cryptocurrency enthusiasts, readable guides and blockchain / cryptocurrency according to their level of understanding. Provides related free learning resources.
You can see that a lot of people have been very interested in passive income over the past period, and the topic of the most-read articles this year was about DeFi and profitable farming.
- What is decentralized financial profit farming (DeFi)? : Binance Academy
- How to farm tokens and calculate APY on Binance Lunchpool : Binance Blog
Binance Research provides insights on a wide range of topics such as institutional ranking analysis, blockchain, economics and finance, and is particularly sought after by those seeking more in-depth, unbiased information. The Bitcoin project report achieved more views this year than any other research report.
The cryptocurrency market transition period
2020 is arguably the most meaningful year for the blockchain and cryptocurrency industry. Even in a situation where Corona 19 is raging around the world and a lot of damage to the real economy, many individual investors and institutions are starting to show a lot of interest in cryptocurrencies, and a lot of capital has been pouring into the cryptocurrency market.
As cryptocurrency adoption accelerates, Bitcoin price hit an all-time high, making it one of the best assets of the year. At the same time, the cryptocurrency and DeFi infrastructure is maturing rapidly, and the Stablecoin protocol and DeFi debt and lending have paved new avenues for the growth of the cryptocurrency market. While many cryptocurrency investors have had a hard time over the past few years, 2020 is a turning point for positive thinking about the future of cryptocurrency.