DeFi is on fire. Key DeFi Events part 2 Amid the 2021 crypto | Token Daily

DeFi is on fire. Key DeFi Events part 2

Amid the 2021 crypto bull run, the decentralized finance markets have more than doubled in total value locked year to date.

DeFi is primarily linked to Ethereum as an asset since a majority of protocols and dApps are built on the Ethereum blockchain.

The dominating DEX is Curve Finance, holding over 30% of the total value locked in all DEXs. But there is high probability that most of DeFi will remain on the sidelines because of fucking high commission on ETH transactions.

The one, who will continue to expand and flourish is 1inch DEX-aggregator.1Inch Expands to Binance Smart Chain Citing ETH Gas Fees.

The 1INCH token on Binance Smart Chain will be used for a bridge between the Binance and Ethereum networks.1inch users will get access to PancakeSwap, BurgerSwap, StreetSwap, Venus, StableSwap, JulSwap, BakerySwap, and other Binance-based DEXes and lending protocols.

Moreover, 1inch added BNB-1INCH pool to its farming program. Over a four-week period, 0.01% of the 1INCH total supply will be distributed among liquidity providers.