Health, Wealth, and Happiness |
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| “Being rich is having money; being wealthy is having time.”
- Margaret Bonanno |
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| Howdy investors!
Today's newsletter features our continuing analysis of the growing DeFi ecosystem, where we dive deep into the top 10 DeFi platforms in 2023.
Why 10? Because these platforms have a track record and proven metrics. Total Value Locked is great, but we're more interested in longevity, stability, and growth potential.
By the way... did you hear? A federal judge has told the SEC to reconsider the bitcoin ETF application from Grayscale. While markets got a nice boost from the news, we're covering what this decision could mean for investors.
Also, we look at how DeFi devs increasingly turn to real-world assets (RWAs) for growth and get a bead on what blockchains are being used by the X (aka Twitter) cryptoverse.
Let's jump in! |
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| Top 10 DeFi Platforms in 2023 by Preetam Kaushik |
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| Investor Takeaway: The sustained interest and growth of DeFi projects have created many options and opportunities for investors. With the constant innovation and evolution of these decentralized financial services and the addition of new protocols, the DeFi space looks like it is just getting started. Here are our top DeFi investments to track in 2023.
DeFi is one of the biggest and most exciting trends in the blockchain industry, as many believe it will overtake traditional finance. This growing financial sector relies on the promise of robust, decentralized networks to support innovation (both financial and technical) that could fundamentally disrupt how we think of money exchange.
With that said, we must understand that DeFi platforms hold both peril and promise. That’s why we are covering the top 10 DeFi platforms for 2023, looking at both the potential risks and rewards.
Click here to read all about it >> |
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| | | Must Read Today's most important stories for crypto investors. |
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| Investor takeaway: A U.S. federal appeals court has directed the SEC to reconsider Grayscale Investments' application for the first Bitcoin ETF, marking a setback for SEC Chair Gary Gensler's regulatory approach to crypto. The news led to a surge in bitcoin-related assets, including a 15% rise in Coinbase stock.
The court's decision opens the door for broader investor access to bitcoin and puts pressure on the SEC, which has been reluctant to approve spot bitcoin ETFs. The battle is not over, but we're one step closer (and BTC is up on the news). |
| Investor takeaway:In a rising interest rate environment, DeFi platforms increasingly seek to integrate real-world assets (RWAs) like bonds, stocks, and real estate to tap into lucrative yields from traditional markets. Lending protocol Umee focuses solely on bonds, while Maple Finance plans to expand its RWA offerings, particularly in trade finance, to attract high-net-worth lenders.
The move towards RWA integration is a sign that traditional finance and DeFi are dovetailing into a new stage of investment potential, one that savvy investors can leverage for their portfolios. |
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| Investor takeaway: This survey on blockchain user activity reveals several insights, some of which might come as a surprise, such as:
- 17% have never used Ethereum, possibly due to high gas fees.
- Despite ranking 5th by daily active users on DefiLlama, only 28 people used Litecoin in the past week.
- BNB is the 4th most used chain after Ethereum, Polygon PoS, and BTC.
The survey mainly represents a specific audience of Twitter/X users interested in crypto and DeFi, and isn't a sampling of the market as a whole. However, considering the volume of crypto enthusiasts on the platform, it offers valuable insights into user preferences and active communities in the crypto space. |
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| | ICYMI In Case You Missed It |
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Best Staking Rates The best rates for DeFi staking this week. |
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| | Share This Meme Copy, paste, and post |
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| If we pedal harder, we might finally get the ETFs. (Thanks to Reddit user Johndrc) |
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Share the Love Help grow our crypto investing community. |
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| Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Steve Walters, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
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