The decentralized finance (DeFi) market saw a strong resurgence beginning June 2020. The popularity of DeFi and the vast amounts of capital deployed across DeFi protocols could positively affect Ethereum in 2021 through four factors.
While more countries are warming to the idea of relying less on printed cash and putting faith in a more flexible payment system, the race among nations to launch central bank digital currency (CBDC) has an obvious winner.
Almost seven years have passed since the then-largest Bitcoin exchange Mt. Gox declared bankruptcy. Apart from another $1.2 million in fees spent over the last six months, there are few updates on the progress made thus far.