DeFi booms as daily active wallets hit 7M, VanEck bullish on Ethereum L2s: Finance Redefined
Market analysts predict layer-2 blockchains are set to capitalize on Ethereum’s primary challenge to process, store and compute data, which might propel it to a $1 trillion market cap by 2030.
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
The surge in DeFi in recent months saw decentralized application (DApp) activity increase by 77% in the fourth quarter of 2023, with a total daily active user wallet count of seven million.
The European Commission is evaluating the DeFi industry and could require protocols to obtain a license in the near future.
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