Almost all important real-world cryptocurrency use cases are DeFi use cases.
Ethereum (ETH) can be said to be the true star of the blockchain world. Even if Bitcoin (BTC) continues its long-term bull market, ETH continues to prosper.
According to Consensys in July report, There are now 161 million unique Ethereum addresses, an increase of 10% from the end of the first quarter of 2021, and the total value of the ETH proof-of-stake ecosystem (TVL) arrive In August, it was 146 billion U.S. dollars.
The crypto world owes us the debt ETH brings Smart contractFeatures that make Decentralized Finance (DeFi) use cases possible.
Of course, Bitcoin is the most famous coin among cryptocurrencies, but it was originally designed as a simple, decentralized digital currency.
Like any currency, its main use cases are as a medium of exchange, unit of account, and store of value. The leading cryptocurrency focuses on a simple role and completes it reliably, with greater transparency, privacy and security, and fewer intermediaries, but the smart contract of Ethereum raises the possible use cases of blockchain technology to one New level.