Trading Volume, Decentralised finance, Wallet address

«Unlocking the potential of cryptocurrency: increase in decentralized finances and portfolio addresses»

The world of cryptocurrency has experienced enormous growth and transformation over the past decade, with a significant increase in the volume of trading and adoption. One of the key factors behind this increase is decentralized finances (DEFI), a new paradigm that allows peer-to-peer loans, loans and trade without the need for intermediaries.

Decentralized finances: growth to power

Decentralized finances consist in using the power of blockchain technology to create a safer, transparent and efficient financial system. DEFI platforms use intelligent contracts to facilitate transactions, ensuring that they are carried out in a decentralized node network, and not in the central organ.

One of the most popular DEFI protocols is the Uniswap, which has recorded an explosive increase in the volume of trading over the past year. According to data from Coinmarketcap, the uniswap trading volume increased by 500% since June 2020, and the total market capitalization of its tokens increased from $ 1 billion to over $ 4 billion.

Trading volume: success rate

The commercial volume is a critical indicator of any DEFI cryptocurrency or protocol. It measures the number of transactions occurring in a specific blockchain network. In the case of Uniswap, the volume of rotation increased, with an average daily turnover volume of over 10 million tokens.

According to the Cindeska report, the Uniswap trading volume exceeded $ 1 billion for the first time in May 2020, which is a significant milestone for the protocol. This increase in the volume of rotation is a clear indication that the DEFI platforms, such as Uniswap, gain grip and attract new users.

portfolio addresses: transaction securing key

One of the most important elements of each cryptocurrency or DEFE platform are portfolio addresses. The portfolio address is a unique identifier assigned to each user, enabling him to store, send and receive funds in the blockchain network.

In DEF, portfolio addresses play a key role in safe transactions. Using a safe portfolio, users can make sure that their funds are protected against unauthorized access or theft. In addition, the portfolio addresses allow smooth chain trade, enabling users to send funds between different blockchains.

portfolio addresses: key success indicator

The growth of DEFI and the growing reception of cryptocurrency portfolios also led to an increase in the use of the portfolio. According to the blockchain.com report, the total number of unique portfolio addresses increased by 50% in the first quarter of 2020.

This increase in portfolio addresses is a clear indication that users are becoming more and more confident in their ability to store and manage cryptocurrency resources on decentralized platforms, such as DEFI protocols.

Application

The increase in decentralized finances (DEFI) has brought a significant increase in the volume of trading and adoption, and the cryptocurrencies and DEFI protocols are becoming more and more popular among investors. One of the key drivers behind this increase is the use of safe portfolio addresses to facilitate transactions in blockchain networks.

Since the cryptocurrency market is still developing, it will be necessary to prioritize users to treat safety and usefulness during digital resource management on decentralized platforms, such as DEFI protocols. In this way, we can unlock the full potential of the cryptographic market and draw prizes for this exciting new era of finances.