1/6 As we enter the new year, many are curious about the trends that will shape the #DeFi space in 2023. Here are the top 5 trends that experts predict will have an impact:
Real-world assets (RWA) are helping to unlock liquidity and utility by moving on-chain. @MakerDAO has invested in US Treasuries and corporate bonds and partnered with #banks. These moves could become more common in 2023
3/6 Greater stablecoin adoption
#Stablecoins, like #USDC and #DAI, are seeing continued success despite bear market conditions. #Japan is lifting its ban on foreign-issued stablecoins in 2023, which could boost adoption and reduce time and costs on international remittances.
4/6 Focus on layer-2 scaling
The Ethereum #Merge has faced challenges with gas fees and transaction speed. In 2023, #DeFi developers will focus on zero-knowledge (ZK) technology and layer-2s to improve scalability and performance for blockchain networks.
5/6 Security
#Security will be a top priority in the coming years as billions of dollars have been stolen from #DeFi platforms. The #FBI has cautioned investors to be wary of the space. Without improved security, it will be difficult to onboard the masses.
6/6 DAO Growth
#DAOs have mostly avoided #regulatory trouble this past year and their structural maturity may lead to a large exit out of centralized institutions into #decentralized ones.
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2/16 #Binance deliberately started a war with @circle's $USDC as soon as it announced it would automatically convert users’ deposits of #USDC to their own #stablecoin $BUSD
It's clear that @binance wants to chunk a big piece of this market. But would it be able to dethrone USDC?
3/16 Let's talk numbers. #Binance made the first major move and $BUSD's share of the #stablecoin market increased from 10.01% to 15.48%.
Also, its market cap has also risen 3.3% over the last 30 days.
One simple move, a significant outcome. The art of war at its finest.
1/10 Another major #Cryptohack! @BNBCHAIN got ripped off of over $110 mil. This sum's no joke!
What happened?
Will there be any consequences to the market?
What actions are @cz_binance and @binance's team taking to contain this?
A thread by @esatoshiclub! 🧵
2/10 Long story short, #BNBChain was hacked and the hacker got over $590 million in #BNB.
Fortunately for @binance and the whole market, he got off-chain just something over $110 million.
Let's see how it went down( no advanced technicals, just something all can understand).
3/10 Fortunately for us, @samczsun was there to analyze every minor detail of the hack.
The hacker somehow convinced the #BNBChain to send them over 1mil $BNB.
These coins are "false" #crypto. Meaning, the hacker got them from thin air, not actually issued by the #Binance.
2/9 Before getting into our topic, let's briefly remember who Ray Dalio is. Long story short, he is probably the biggest investor since 1975 (Forgive us, Warren).
He's the founder and ex-CEO of one of the biggest hedge funds in the world: Bridgewater Associates.
3/9 Wow, serious guy this Ray Dalio. Not only because of his firm's achievements but also for his personal ones. He is the author of a few great books, you should definitely read his "Principles"
So, what did this giant investor have to say on #cryptocurrency? Let's find out!