Crosschain Innovation Is The Future Of DeFiby@mkaufmann
559 reads

Crosschain Innovation Is The Future Of DeFi

tldt arrow
Read on Terminal Reader

Too Long; Didn't Read

Decentralized Finance, also known as Defi, has grown massively since its beginnings in 2020. As this industry continues to grow, new innovations come into play and one innovation I want to focus on is the use of bridging protocols in the crypto space. Briding protocols enable users to transfer assets from one blockchain to another, from tokens to NFTs and stablecoins. This enables the Defi market to grow due to the increased use of dapps and protocols within the sector as well as additional funds being moved throughout the multiple blockchains.

People Mentioned

Mention Thumbnail

Companies Mentioned

Mention Thumbnail
Mention Thumbnail

Coins Mentioned

Mention Thumbnail
Mention Thumbnail
featured image - Crosschain Innovation Is The Future Of DeFi
Matthew Kaufmann HackerNoon profile picture

@mkaufmann

Matthew Kaufmann

About @mkaufmann
LEARN MORE ABOUT @MKAUFMANN'S EXPERTISE AND PLACE ON THE INTERNET.
react to story with heart

RELATED STORIES

L O A D I N G
. . . comments & more!
Hackernoon hq - po box 2206, edwards, colorado 81632, usa