Cryptocurrency News

Decentralized finance faces multiple barriers to mainstream adoption

2022.08.05 17:49

Decentralized finance faces multiple barriers to mainstream adoption
Decentralized finance faces multiple barriers to mainstream adoption

Decentralized finance (DeFi) is a growing market popular with experienced crypto users. However, there are some roadblocks regarding mass adoption when it comes to the average non-technical investor.

DeFi is a blockchain-based approach to delivering financial services that don’t rely on centralized intermediaries but instead use automated programs. These automated programs are known as smart contracts, enabling users to automatically trade and move assets on the blockchain.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 104,536.01 4.06%
ethereum
Ethereum (ETH) $ 3,469.36 3.54%
xrp
XRP (XRP) $ 3.24 0.97%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 218.82 2.94%
bnb
BNB (BNB) $ 719.90 0.90%
dogecoin
Dogecoin (DOGE) $ 0.428849 12.52%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 1.13 2.39%
staked-ether
Lido Staked Ether (STETH) $ 3,473.06 3.75%
tron
TRON (TRX) $ 0.248459 3.56%
avalanche-2
Avalanche (AVAX) $ 41.41 2.25%
chainlink
Chainlink (LINK) $ 25.46 8.21%
sui
Sui (SUI) $ 4.90 2.73%
stellar
Stellar (XLM) $ 0.479605 1.47%
shiba-inu
Shiba Inu (SHIB) $ 0.000025 10.05%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,154.54 5.14%
hedera-hashgraph
Hedera (HBAR) $ 0.365892 6.71%
the-open-network
Toncoin (TON) $ 5.62 2.14%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 103,874.83 3.60%
polkadot
Polkadot (DOT) $ 7.49 2.89%
weth
WETH (WETH) $ 3,471.36 3.66%
litecoin
Litecoin (LTC) $ 135.94 7.85%
bitcoin-cash
Bitcoin Cash (BCH) $ 491.75 4.35%
uniswap
Uniswap (UNI) $ 15.08 3.80%
leo-token
LEO Token (LEO) $ 9.73 0.22%
pepe
Pepe (PEPE) $ 0.000021 11.67%
bitget-token
Bitget Token (BGB) $ 7.06 4.87%
hyperliquid
Hyperliquid (HYPE) $ 23.01 2.01%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,668.91 3.54%
near
NEAR Protocol (NEAR) $ 5.78 10.25%
usds
USDS (USDS) $ 0.999009 0.30%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
aptos
Aptos (APT) $ 9.77 3.87%
internet-computer
Internet Computer (ICP) $ 11.34 3.40%
aave
Aave (AAVE) $ 338.15 6.45%
vechain
VeChain (VET) $ 0.054879 4.98%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.508263 5.80%
ethereum-classic
Ethereum Classic (ETC) $ 28.36 4.03%
monero
Monero (XMR) $ 227.89 1.31%
render-token
Render (RENDER) $ 7.97 5.32%
crypto-com-chain
Cronos (CRO) $ 0.146978 1.64%
bittensor
Bittensor (TAO) $ 487.39 7.69%
kaspa
Kaspa (KAS) $ 0.154952 4.60%
algorand
Algorand (ALGO) $ 0.462911 5.75%
mantle
Mantle (MNT) $ 1.13 0.27%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.41 4.45%
mantra-dao
MANTRA (OM) $ 3.81 1.42%
filecoin
Filecoin (FIL) $ 5.80 1.95%
dai
Dai (DAI) $ 1.00 0.01%