DeFi Is Starting To Rapidly Expand Again

A feeling I had a few years back was that the next bull run would heavily focus in on DeFi. However DeFi had and still has a lot to overcome. Rug pulls, hacks and just general limitations have caused a mess of things and crypto, blockchain and defi can do better!

At the hight of the all bull market defi exploded for the first time ever ushering in 170 billion dollars worth of total value locked TVL. However since then it's hit a new base line and just stagnated around the high 40's and scratching at 50 billion 3x smaller than what it once was.

*Image pulled from DeFiLlama

Now this little blip might not seem like much a 3% gain overall in the last 24 hours however it's actully a good amount and we are seeing a steady progression higher. In fact there's a lot of new news coming out of DeFi which is paving the foundations of the next bull run and that capital is starting to drastically grown.

Personally I feel like stables might be extremely limited or removed from defi in the future or at least a stable coin based on other assets instead of the USD. I feel like this is a massive mistake on the part of the USA but those few at the top there's no talking to an only counteractions matter.

Pancake Swap

Pancake swap ushered in a new large phase of what is taking place right now. While Pancake swap was once limited to just BSC the Binance Smart Chain it recently expanded its reach to include Ethereum and I suspect it's only a matter of time before it takes on a few other large powerhouse blockchains like Polygon.

Uniswap is also starting to lead the charge in this area. Just today the DAO approved the proposal to deploy v3 on to the Polygon network with zkEVM!

Hive

Hive is a small little beast which has the ability to become a major powerhouse. However the amount of demand for hive right now is rather on the low end and it's why we don't really see prices move all that much and stay on the upper end. That will change over time as more applications and use cases come online as demand grows to hold and use this token.

However for now it does usher in huge rewards via CubDefi in which HBD gets hit pretty heavy. You can also claim up LEO tokens which will most likely start to increase in value and demand come next month. This defi platform is one of the first ever blends between hive and Binance smart chain.

Another large player in this space that might increase as well is the game Splinterlands where SPS governance tokens and DEC can be swapped and traded over the binance smart chain and links into hive.

These constant blends between blockchains are going to pave the future of DeFi and even GameFi as we move into a more robust bull market across the board.

I suspect a decent amount of that demand will come through trading on gaming platforms.