DeFi Daily | President of Siam Commercial Bank: DeFi cannot be fully regulated

DeFi data

1. DeFi total market value: 84.533 billion US dollars

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Source of top ten currency ranking data by market value DeFibox

DeFi total market value data source: Coingecko

2. Transaction volume on decentralized exchanges in the past 24 hours: US$ 4.74 billion

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Source of transaction volume data on decentralized exchanges in the past 24 hours: Debank

Top 10 DEX by trading volume Source: DeFibox

3. Total borrowings of DeFi lending platform: USD 24.18 billion

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Data source of total borrowings on DeFi lending platform: Debank

Ranking of the top ten lending platforms in terms of lock-up volume. Source: DeFibox

4. Assets locked in DeFi: 62.8 billion

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The top ten rankings of locked assets in DeFi projects and the amount of locked positions, data source: Debank

DeFi hotspot

1. President of Siam Commercial Bank: DeFi cannot be fully regulated

In the opening speech of SCB 10X’s second global DeFi virtual summit REDeFiNE, Dr. Sutivong, President of Siam Commercial Bank (SCB), emphasized that in terms of growth, the DeFi industry has grown tenfold in the past six months and is locked in this year. The total value in the DeFi ecosystem is more than $100 billion. Dr. Arak Sutivong believes that DeFi needs a framework for long-term and sustainable interaction with traditional finance. “By definition, DeFi cannot be fully regulated. Instead, there needs to be a framework that enables DeFi to be integrated with other parts of the financial ecosystem.”

2. MakerDAO founder: DeFi innovation is currently centered in the United States, prohibition or serious interference will hinder innovation

MakerDAO founder Rune Christensen tweeted that if the United States bans or severely interferes with DeFi innovation, it will hinder innovation. Because the current DeFi is the fastest field of technological innovation, and most of the innovations are centered in the United States. At the same time, DeFi uses US dollar stablecoins on a large scale, and most of the tokenized assets also come from the United States. This has led to tens of billions of capital. The flow of organic innovation into the U.S. economy is growing exponentially every day.

3.Layer2 DEX ZKSwap V2 will be online within 48 hours

The Ethereum-based Layer 2 decentralized exchange ZKSwap stated on Twitter that it will launch the V2 version within 48 hours.

4. The rise of ETH pushed Aave V2’s lock-up volume to exceed $10 billion, setting the second highest record in history

As the digital currency market rebounded, the prices of mainstream digital currencies including BTC and ETH have risen, and the amount of locked positions based on the Ethereum DeFi protocol has also begun to rebound. Aave V2’s current locked position has broken through 10 billion U.S. dollars, setting the second highest record in history. At the time of writing this article, it was 10,027,834,002 U.S. dollars. The Aave V2 lock-up volume hit a record high on May 14, 2021, when its lock-up volume was 10.13 billion U.S. dollars.

NFT

1. The Metaverse Value Index rose sharply to 335.24

Golden Finance reported that according to companion customer data, the cosmic value index of Yen on July 26 was 335.24, an increase of 10.66 from the previous day. The listed companies or NFT platforms that form the components of the Metaverse Value Index are all leading institutions that currently exhibit huge market value and future potential in the virtual economy field. The index can effectively reflect the overall value of the Metaverse virtual economy development trend. Note: On March 10, 2021, the main component stock roblox will be listed and the first closing price will be generated. Therefore, 3/11 is selected as the index date for the first launch of the index, with an initial value of 100.

2. Survey: Players earn an average of 151-200 SLP per day, which is equivalent to a monthly income of thousands of dollars

According to a Twitter community poll released by CoinGecko today about AxieInfinity, players earn an average of 151-200 SLP per day, and 68% of players believe that AxieInfinity may become a full-time job. In terms of player types and behaviors, 56% of AxieInfinity players are Asia, and 54% are between 19 and 29 years old. Nearly 60% of players use mobile phones/tablets as gaming terminals. Most players play games every day, and each player spends up to 2 hours per game. In terms of revenue, players earn an average of 151–200 SLP ($55.50) per day, which is equivalent to $1665 per month. According to reports, even if the price of SLP rises from $0.03 to $0.06, its monthly income is still less than the minimum wage in Malaysia and the Philippines.

3.UNQ Club, a cross-chain NFT platform on the Solana chain, announced a cooperation with GRAPE Protocol

The Solana-based cross-chain NFT platform UNQ Club announced its cooperation with the GRAPE Protocol. The cooperation content includes: 1. UNQ Club will integrate the GRAPE Protocol, allowing clubs and curators to have more opportunities to manage their communities; 2. GRAPE will Open a club on the UNQ Club platform; 3. Both parties will jointly create content. It is reported that UNQ Club is a platform for NFT collectors, designed to help them build a community, fundraising and cross-chain operations.

4. Cocos-BCX and DEGO have reached a strategic cooperation on Metaverse, GameFi and other directions

According to official sources, recently, the next-generation game digital economy platform Cocos-BCX and the cross-chain DeFi+NFT aggregation platform DEGO have reached a strategic cooperation on Metaverse, GameFi, and NFTization of game assets. As a next-generation game digital economy platform, Cocos-BCX has a deep accumulation in games, NFT, DeFi and other fields. Cocos-BCX proposed and maintained the COCOS-1808 non-homogeneous digital asset standard. Based on the COCOS-1808 standard, ChinaJoyPlus has provided more than 1.2 million NFT tickets, and reached cooperation with DEGO and BSC in the New Year to jointly promote NFT blind boxes, red envelopes and other activities. Based on the tacit cooperation in the past, Cocos-BCX and DEGO will give priority to the NFTization of game assets and the establishment of a new generation of game economic system, and further cooperation on the direction of the meta universe.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/defi-daily-president-of-siam-commercial-bank-defi-cannot-be-fully-regulated/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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