In recent weeks, the word on everyone’s mind has been DeFi. DeFi is bringing more utility to the Ethereum blockchain, is that why ETH is reaching 2020 highs? DeFi is bringing more people into cryptocurrency, is that why Bitcoin (BTC) broke $11,000? Is DeFi just a buzzword? Is it worth my time trying to figure out how to become a yield farmer? Did I miss the boat on Compound? Can I still make a profit with YFI?
With all of the questions, new projects, bubble and hype accusations, and more, CoinMarketCap wanted to give our readers a place where they could tune down the noise and find as much accurate information as possible about the DeFi ecosystem in one place.
At the same time “DeFiChain” keeps its own consensus mechanism and function set, allowing for all those characteristics that Bitcoin does not inherently have.