If you are looking for more action in the cryptocurrency markets at a time when Bitcoin trading is filled with uncertainty, you need to pay attention to decentralized finance technology projects such as Total Value Lockdown, which is listed under the TVL symbol, and boasts a new market capitalization of $157 billion.
New tokens issued within the blockchain networks of DeFi projects that serve as Ethereum layers of enhancement are lighting up major cryptocurrency exchange platforms such as Coinbase.
There is also no shortage of blockchain projects developing decentralized applications (dapps) for the Ethereum network. As of the beginning of 2018, Ethereum held 40% of the market capitalization of the cryptocurrency market, and the amount of transactions on the Ethereum blockchain exceeded 1.2 billion.
The most important thing to remember about the crypto revolution is that this isn’t all about the underlying blockchain technology. It’s about the applications of it, and the way they are changing the existing paradigm. A new report by the London School of Economics and Political Science says that the world’s largest cryptocurrency exchange by volume and market capitalization, Binance, has made an estimated $2.6 billion in profit over the past 12 months.
The TVL project was designed to unlock the potential of blockchain technology and its associated financial applications by introducing a new way of creating decentralized value exchange networks.
The financial service and infrastructure market of the Ethereum blockchain is booming. At the end of 2017, almost $2 billion was invested in blockchain technology. The vast majority of this figure has gone into blockchain-based services. The next most popular areas of development have been the finance-related applications of distributed ledger technology and smart contracts. If you are a cryptocurrency enthusiast who is concerned about how to invest in a secure and profitable way, then you will probably be familiar with some of the most popular decentralized finance projects that are currently available.
It is important to note that the Ethereum network is still on track to surpass Bitcoin in terms of practical functionality, but it depends on DeFi projects to achieve this milestone more than ever.