The decentralized finance (DeFi) space is heating up, with new projects and protocols regularly launched. Earnity, a crypto marketplace led by Dan Schatt and Domenic Carosa, aims to help users gain access to DeFi assets and provide them an avenue to learn about emerging financial technology.
It can be tough to keep track of what’s going on in an industry with so much activity. However, for seasoned DeFi pros and beginners alike, it is beneficial to keep track of trends emerging in the coming months.
Another trend to expect is the monetization of the gaming industry. There are over two billion gamers worldwide, and they spend nearly $150 billion annually. That number is anticipated to increase by around $100 billion in three years. With more people spending time and money in this industry, players and creators seek to monetize blockchain gaming. To do this, DeFi protocols are needed since such games are not run on a central server.
As the DeFi ecosystem proliferates, the increasing transaction costs are a consequence. For instance, Ethereum gas fees have quickly risen in recent years. The high tariff is usually cited as a possible reason for a record number of liquidations in early 2021. Add to that the increasing number of new individuals using DeFi applications—it is a recipe for DeFi networks slowing down. Many DeFi projects are starting to cross-chain functionality in hopes that transactions and smart contracts can cross over from one chain to another.
The promise of DeFi and crypto is a safe, efficient, equitable, and accessible financial alternative for many users. However, it entails a considerable learning curve that can hinder people from being involved. Earnity’s Dan Schatt and Domenic Carosa seek to develop a platform where users can quickly learn about the concepts, trends, and insights about DeFi and crypto.