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  • BTC Dominance: 49.55%
DeFi: Finance Redefined - Centralized Exchanges as Gateways

DeFi: Finance Redefined – Centralized Exchanges as Gateways

The top 100 DeFi tokens had a mixed week, with most tokens trading in a similar range as the previous week. Some notable developments in the DeFi space include advancements in zero-knowledge proofs (ZK-proofs) as a scaling solution, a new United States Senate DeFi bill facing criticism, and the CEO of the dydx Foundation predicting that centralized exchanges will become gateways for DeFi. Additionally, Polygon 2.0 is laying the groundwork for decentralized governance, Chainlink has launched a cross-chain protocol bridging blockchain to traditional finance, and a DeFi liquidity protocol has added support for ConsenSys-developed zkEVM rollup Linea. Overall, the DeFi market saw a bullish surge in total market value after three bearish weeks. The total value locked in DeFi protocols remained below $50 billion.

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