Statistics show that venture trading activity focused on decentralized finance fell in May.
In terms of the dollar, funding for this sector fell to $ 176.3 million in May, the lowest level since September 2021.
For the first time since last year
In addition, DeFi wasn’t one of the two most common transaction types, according to John Dantoni, an analyst at The Block Research. This was the first time this had happened since July 2020.
However, the funds in this sector are not completely exhausted.
In April, 12 investment rounds, totaling over $ 10 million for DeFi and Web3, were completed.
Key examples of 2022 include ox Labs, a decentralized exchange system that raised $ 70 million in Series B funding, and Tribal, a $ 60 million raised TradeFi and DeFi funding platform. It will be. BloXroute, a DeFi trading platform, received $ 70 million in April, funded by SoftBank.
Certora, a provider of smart contract security research, raised $ 36 million in Series B, led by Jump Crypto, in May.
Despite these agreements, the decline in DeFi funding is in the summer of 2020, called “DeFi Summer,” where billions of dollars have been invested in DeFi apps and protocols, according to a previous study compiled by The Block. In contrast.
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About DeFi Investing-Knowing How It Works
Decentralized finance, also known as DeFi, is a new approach to banking and financial services that rely on peer-to-peer payments and blockchain technology.
DeFi bypasses traditional financial intermediaries such as banks and brokers, enabling “unreliable” banking operations over the blockchain.
Decentralized Finance (DeFi) is not just a buzzword, it refers to financial services running on the open source blockchain.
Everyone in the world can take full control of their assets and avoid centralized financial intermediaries with smart devices with internet connectivity.
Decentralized Finance (DeFi) is a new financial system similar to cryptocurrencies based on cryptocurrencies. Banks and financial institutions will not be able to manage money, financial products and financial services under the system.
