The DeFi market again surprises with its performance. As soon | Crypto Investment

The DeFi market again surprises with its performance.

As soon as Bitcoin made a splash, the Decentralized finance segment of the cryptocurrency again became the main newsmaker. After a sharp rise in the summer of 2020, investments in this area continue to grow. And now it has become known that the market capitalization of DeFi has surpassed the capitalization of XRP. Today this figure is $ 11.5 billion.

Meanwhile, the top DeFi project 1inch has updated its liquidity protocol to version 1.1 and has already launched a new liquidity mining program. This means that during the new program, another 1% of the total emission of the 1INCH token (15 million tokens) will be distributed, at the current rate, this is ~ $ 18 million. At the moment, more than $ 500 million have been thrown into the pools

At the end of last year, 1inch issued their own token for managing the total emission of 1.5 billion coins. At the same time, the first liquidity mining program was launched, which has already ended and very pleased its participants. Within a month, another 1% of the total emission of the 1INCH token will be distributed among the program participants.

Apparently, 1inch is already converting the funds received for product development and improvement and marketing.