In recent years distributed ledger technologies have led to a blooming DeFi space and increased disruption of the traditional financial institutions. Part of this disruption is through an increased interest rate of a considerable higher return on the invested virtual assets either through innovations that can only exist within the blockchain realm, such as staking or yield farming or high interest lending to a trustless 3rd party.
The DeFi ecosystem has grown rapidly and the market is still growing at a monstrous pace of over 9% per year. In other words, users are spoilt for choices and it would be very challenging for them to even know about your product.
67.0% Bounce Rate - The rate in which users leave your site after the first page. This implies that they scan, dont interact and promptly leave. 2/3 users leave the site immediately because they dont find the DeFi app relevant to them. It is extremely difficult to engage users in DeFi.
Based on our research and discovery, we found that even simple tasks like bridging and staking are intimidating for most crypto users. Currently, most of the products are trying to remove this friction in the DeFi experience through aggregation. Aggregating multiple DeFi products or services doesn't lower the entry barrier or eliminate the need to have the technical knowledge to know how to use them.
Algoblocks envisions a personalized DeFi platform where users can access numerous DeFi protocols in one place and have curated recommendations to discover, invest and manage their DeFi products. DeFi actions that were cumbersome and complex would all be streamlined for the user so that the focus for the user would be on discovering and using great DeFi products.
The DeFi market has grown exponentially over the years but there is significant potential for the market to grow even further in the next 5 years. Even though the DeFi space offers a universe of different products or services, we observed a low number of users compared to the total number of blockchain users. For example, if we compare the number of users active on the centralized crypto exchanges such as CoinBase or Binance, the numbers are well beyond 50 Million active users; however, the numbers dwell in comparison to around 3 Million users within the DeFi space. According to Graysscale, a leading Digital Assets Fund manager, DeFi can grow 100x within 5 years.
Q3 2021
Q4 2021
Q1 2022
Q2 2022
Q3 2022
Q4 2022
Q1 2023
Q2 2023
Q3+ 2023
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
This offer is based solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.