As I wrote in my cryptocurrency trend article for the coming year . ING published that they find DeFI insanely interesting. We see a lot of established financial institutions worldwide French Polynesia B2B List already working with it . I see the ‘ total value locked ‘ in the ecosystem in the coming doubling from $200 billion to $400 billion year on year. A recent report from investment bank JP Morgan . Shows that it’s not just about experimenting anymore.
The virtual gas price is going
Now that ‘big finance’, the big banks, are working hard French Polynesia B2B List with Defib . You see many startups building bridges with their products. Bridges between traditional finance and new crypto world. Synthetix is the best-known example of this, Nexis does this nicely with insurance and many other startups will also launch their product on the market next year. The virtual gas price is going through the roof The high costs that many people in developing countries pay for sending money are often the marketing argument of enthusiasts to promote cryptocurrencies.
through the roof
For example, someone recently paid $0.80 for a $2 billion French Polynesia B2B List transaction in Bitcoin. Unfortunately, this is no longer the case with the Ethereum blockchain, on which the majority of blockchain applications run, such as ‘smart contracts’, ‘NFTs’ and DeFi products. The costs for transactions, the so-called GAS, have increased by more than 300% in 1 year . Developers are therefore looking to other blockchain networks for the development of their applications, where Polkadot is currently doing well, which was set up by the co-founder of – yes – Ethereum.